The junior accountant, for Damian Ltd, does not fully understand the effects of this choice of classification on the statement of cash flows (SCF) and notes. You have been requested to demonstrate the practical differences by completing the partial SCF and reconciliation note in the answer booklet.Damian Ltd has provided you with its general ledger accounts for Dividends receivable, Dividends payable, Retained earnings, Interest receivable and Interest payable below:

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1 Cash Flow Statement RM Cash Flow from Operating Activit... View the full answer