Comparative statements of financial position as at 31 December 2020 and 2019 and the income statement for

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Comparative statements of financial position as at 31 December 2020 and 2019 and the income statement for 2020 for W. Yu are set out below.

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No plant and equipment was sold during the year. W. Yu withdrew $30 000 in cash during the year.

Required

Prepare a statement of cash flows for the year ended 31 December 2020 in accordance with the direct method.

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Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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