Meera Ltd.'s comparative statements of financial position are presented below. Additional information: 1. Net income was £22,590. Dividends declared and
1. Net income was £22,590. Dividends declared and paid were £16,500.
2. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for £5,000.
(a) Prepare a statement of cash flows for 2017 using the indirect method.
(b) Compute free cash flow.
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