The following information has been extracted from the books of Nimmo Limited for the year to 31 December 20X9: Additional

Question:

The following information has been extracted from the books of Nimmo Limited for the year to 31 December 20X9:


Additional information:

1. The directors are extremely concerned about the large bank overdraft as at 31 December 20X9 and they attribute this mainly to the increase in trade debtors as a result of alleged poor credit control.

2. During the year to 31 December 20X9, fixed assets originally costing £5,500,000 were sold for £1,000,000. The accumulated depreciation on these assets as at 31 December 20X8 was £3,800,000.


Required:

Prepare a cash flow statement for the year to 31 December 20X9.

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Question Details
Chapter # 14- Cash flow statements
Section: Review Questions
Problem: 8
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Question Posted: September 08, 2023 06:29:20