The financial statements of Diddle plc are set out. You are informed as follows: (i) A vehicle

Question:

The financial statements of Diddle plc are set out. You are informed as follows:

(i) A vehicle costing £72,000 was sold in the year for £54,000.

(ii) Part of the loan notes were redeemed on 1.1.2011 at 25% premium.

(iii) Depreciation amounting to £64,000 was included in the cost of sales.

(iv) Extracts from the Statement of income appear as follows:

(v) £25,000 was paid as dividend in 2011.

Required:

Prepare the Statement of cash flows for the year ended 31 December 2011.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 29, 2023 09:58 AM

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The financial statements of Diddle plc are set out. You are informed as follows: (i) A vehicle

Question:

Statements of financial position as at 31 December 2010 Current assets: Inventory Trade receivables Cash and bank balance £'000 £'000 £'000 £'000 Non-current assets: 760 920 Accumulated depreciation (288) 472 (318) Investments 186 596 332 5 2011 933 1,591 397 392 0 602 214 789 1,605

Step by Step Answer:

Cash flow statement year ended 31 December 2011 Cash flow from operating acti...View the full answer

Financial Accounting An Introduction

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