Set out below is the draft Statement of Cash flows and associated notes for Rundle Ltd...

 

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Set out below is the draft Statement of Cash flows and associated notes for Rundle Ltd for the year ended 30 June 2021. Consolidated Statement of Cash Flows for year ended 30 June 2021 Note $000 Cash flows from operating activities Cash receipts from customers Cash payments to suppliers Cash payments for other operating expenses Income tax paid 7 300 (3 013) (2 000) (512) 1 776 Cash provided by operating activities Cash flows from investing activities Proceeds from sale of plant and equipment Cash purchases of property, plant and equipment 200 (450) Cash used to acquire subsidiary Cash used by investing activities (900) (1,150) Cash flows from financing activities Proceeds from share issue 600 Dividends paid (250) Cash used by financing activities 350 Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at 1 July 2020 976 624 Cash and cash equivalents at 30 June 2021 1,600 Set out below is the draft Statement of Cash flows and associated notes for Rundle Ltd for the year ended 30 June 2021. Consolidated Statement of Cash Flows for year ended 30 June 2021 Note $000 Cash flows from operating activities Cash receipts from customers Cash payments to suppliers Cash payments for other operating expenses Income tax paid 7 300 (3 013) (2 000) (512) 1 776 Cash provided by operating activities Cash flows from investing activities Proceeds from sale of plant and equipment Cash purchases of property, plant and equipment 200 (450) Cash used to acquire subsidiary Cash used by investing activities (900) (1,150) Cash flows from financing activities Proceeds from share issue 600 Dividends paid (250) Cash used by financing activities 350 Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at 1 July 2020 976 624 Cash and cash equivalents at 30 June 2021 1,600

Answer rating: 100% (QA)

Step 1 a The ledger for accounts receivable in 000 Date Particulars Debit Credit Balance 1 July 2020 ... View the full answer