Question: Required : prepare a statement of cash flows using a. Indirect method and b. Direct method The following is the financial information of Aster Ltd:

Required : prepare a statement of cash flows using a. Indirect method and b. Direct method

The following is the financial information of Aster Ltd: Statement of profit or loss for the year ended 31 December 2016 Comparative Statements of Financial Position as at 31 December The following information relates to 2016: Office equipment with a written down value of $ 1, 200,000 was sold during the year for $1,000,000. Part of the long-term investments was sold for a gain of $50,000. During the year, the company made a rights issue and raised $4,000,000 additional cash. The company declared and paid cash dividends during the year

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