Question: Hi can I please have a correct answer for question 2 Cach flow The following information relates to ABC Pty Ltd, a business that manufactures

 Hi can I please have a correct answer for question 2

Hi can I please have a correct answer for question 2

Cach flow

The following information relates to ABC Pty Ltd, a business that manufactures electric products operating in Pretoria. Extract of items disclosed in the Statement of Comprehensive Income for the year ended 31 December 2016: Additional Information: 1) No machinery and equipment were purchasing during the financial year. Machinery and equipment were sold for R85 500 of which R45 500 was on still outstanding. 2) The new property which was acquired is situated at Site 100 Thabo Sehume, Pretoria. The company plans to use it as its warehousing sites. 3) Inventory is recorded at cost. 4) The shares issued in March 2016. Required: Prepare the Statement of Cash Flows for ABC Pty Ltd for the year ended 31 December 2016 in compliance with the requirements of GAAP as stipulated in IAS 7. NB: Use the Indirect method. Comparative figures and notes are not required

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