Additional notes : 1. The company received cash proceeds of R57 000 from the disposal equipment that
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Question:
Additional notes :
1. The company received cash proceeds of R57 000 from the disposal equipment that had a cost of R60 000.
2. Dividends of R100 000 were paid out during the year.
Required:
1 Prepare the company’s Statement of Cash flows for the year ended 31 December 2022. Employ the direct method of computing cash flows from operating activities.
2 Discuss the most notable differences between direct and indirect cash flow reporting.
3 List any two (3) adjustments for non-operating expenses that accountants normally make to determine cash flows in operating activities.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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