Question: Additional information 1. Glorious had contributed capital during the year for $6000 cash and had made cash withdrawals during the year. The bank overdraft was

Additional information 1. Glorious had contributed capital during the year for

Additional information 1. Glorious had contributed capital during the year for $6000 cash and had made cash withdrawals during the year. The bank overdraft was considered to be part of the entity's everyday cash management activities. Required (a) Prepare a statement of cash flows using the direct method for Glorious business for the year ended 30 June 2023. (b) Briefly explain the cash flow result. (c) Briefly analyse the cash flow statement

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