Prepare cash flow statement in accordance with AS-3. Income Statement for the year ending March 31, 2011
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Prepare cash flow statement in accordance with AS-3.
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Income Statement for the year ending March 31, 2011 Particulars Sales Less: Cost of goods sold Less: Selling, general and administrative expenses Earning Before Interest and Tax Less: Interest paid Earning Before Tax Less: Tax Earning After Tax ■ Dividend paid for the year * 35 ■ Transferred to retained earnings 65 ■ Depreciation for the year * 75 (in '000) Amount (3) 1,200 800 150 250 50 200 100 100
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To prepare a cash flow statement in accordance with AS3 Accounting Standard 3 using the indirect method you need to start with the net income and then adjust for changes in working capital and noncash ...View the full answer
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