Question: Continental LLC, UAE uses indirect method for preparing its statement of cash flows. It reported a net income of AED 200,000 for the year 2021.

Continental LLC, UAE uses indirect method for preparing its statement of cash flows. It reported a net income of AED 200,000 for the year 2021. Cash at the beginning of year was AED 350,000 During 202...

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Using Figure 11.25 and the related text, describe the features of terracing, and list the major alterations to soil and water brought about by this agricultural method. Figure 11.25

Show that Diverges? Isin xl/x dx

6.113 Find E (Xk ) for the beta random variable. Then find the mean and variance for the beta random variable.

How did Socrates challenge the relativism of Protagoras?

Dennise Geary started an interior design company called Interiors by Dennise, Inc., on November 1, 2012. The following amounts summarize the financial position of her business on November 14, 201 2,...

writing a method with the exact same method header as a parent class

8 Frankie's Chocolate Co. reports the following information from its sales budget Expected Sales:July 84,000 August104,000 September 114,000 Cash sales are normally 30% of total sales and all credit...

Mr. Jones is contemplating retirement. He has just celebrated his 55th birthday and his net worth is $2 million. He hopes that after retirement he can maintain a lifestyle that costs him $100,000 per...

5. A manager of a Merchandising firm wishes to test whether its three salesmen X, Y and Z tend to make sales of the same size or whether they differ in their selling abilities. During a week there...

What is one way a professional running a lineup can make the procedure suggestible to an eyewitness? A) encouraging the witness when they identify the suspect B) remaining silent when witnesses make...

Suppose that 3000 drivers in Wakanda were randomly breath-tested on 21 April 2019 and 116 were above the limit of 0.05 blood-alcohol level. On 15 May 2019, 4000 drivers were tested and 98 were above...

Which of the following is an appropriate guideline for waste disposal? O a. Clean trash cans regularly to remove drips and crumbs that provide food for pests Ob. Do not use plastic liners in trash...

4..One of the principles of leadership is: a.Must maintain good relation with top management b.Must give orders c.Must self-oriented d.Must take timely decision 5. Which management function involves...

PC Contractors, Inc., was an excavating business in Kansas City, Missouri. Union Bank made loans to PC, subject to a perfected security interest in its equipment and other assets, including...

Complete the following sentence: The gross profit margin percentage represents the proportion of What do efficiency measures indicate about a business?

LO3: Identify the main ratios used to analyse efficiency regarding usage of assets, and apply these ratios to a business

10.15 LO2 Ratios that use values from both the income statement and the balance sheet require the calculation of average amounts for the balance sheet amounts. Why is this done, and when will the...