Financial statements of Jupiter plc have been prepared as follows: The following information should be taken into

Question:

Financial statements of Jupiter plc have been prepared as follows:

The following information should be taken into account:

(a) Shown on the right is information extracted from the company’s Statement of income for the year ended 30 June 2012.

(b) Operating expenses written off in the year include the following:

Depreciation of buildings

Depreciation of plant and equipment

Amortisation of development cost

(c) A plant which cost £80,000 was sold in the year, incurring a loss of £52,000.

(d) Some of the loan notes were redeemed in the year at a premium of 10%.


Required: 

Prepare a Statement of cash flows for the year ended 30 June 2012.

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Related Book For  answer-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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