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Staremem if Finuncial Position as at 31" December Vitditional Information (Theratitis expenses include a loss on disposal of non-current assets of GHc50,000. (10 marks) You are given below, in a summarized form, the accounts of ABBY Limited, an entity for 2017 and 2018 Statement of Profit or Loss and other Comprehensive Income for the year ended 31tt December, 2018 Statement of Financial Position as at 31st December Additional Information 1. Operating expenses include a loss on disposal of non-current assets of GHe50,000. 2. During the year, an item of plant was disposed of. The plant originally cost GHe 800,000 and had accumulated Depreciation to the date of disposal of GHe150,000. Required: In accordance with IAS 7, prepare a Cash flow Statement for ABBY limited for the year ended, 3131 December, 2018 (10 marks) Question 4 You are given below, in a summarized form, the accounts of ABBY Limited, an entity for 2017 and 2018 Statement of Profit or Loss and other Comprehensive Income for the year ended 31it December, 2018 \begin{tabular}{lc} & GHc000 \\ Sales Revenue & 11,000 \\ Cost of sales & (6,780) \\ Gross Profit & 4,220 \\ Operating Expenses & (3,090) \\ Operating Profit & 1,130 \\ Investment Income & \\ Interest & 150 \\ Dividends & 570 \\ Finance Charge & (220) \\ Income Tax & (710) \\ Net Profit for the year & 920 \\ \hline \end{tabular} Statement of Financial Position as at 31st December Additional Information 1. Operating expenses include a loss on disposal of non-current assets of GHe50,000. 2. During the year, an item of plant was disposed of. The plant originally cost GHc800,000 and had accumulated Depreciation to the date of disposal of GHc150,000. Required: In accordance with IAS 7, prepare a Cash flow Statement for ABBY limited for the year ended, 31at December, 2018 (10 marks) Staremem if Finuncial Position as at 31" December Vitditional Information (Theratitis expenses include a loss on disposal of non-current assets of GHc50,000. (10 marks) You are given below, in a summarized form, the accounts of ABBY Limited, an entity for 2017 and 2018 Statement of Profit or Loss and other Comprehensive Income for the year ended 31tt December, 2018 Statement of Financial Position as at 31st December Additional Information 1. Operating expenses include a loss on disposal of non-current assets of GHe50,000. 2. During the year, an item of plant was disposed of. The plant originally cost GHe 800,000 and had accumulated Depreciation to the date of disposal of GHe150,000. Required: In accordance with IAS 7, prepare a Cash flow Statement for ABBY limited for the year ended, 3131 December, 2018 (10 marks) Question 4 You are given below, in a summarized form, the accounts of ABBY Limited, an entity for 2017 and 2018 Statement of Profit or Loss and other Comprehensive Income for the year ended 31it December, 2018 \begin{tabular}{lc} & GHc000 \\ Sales Revenue & 11,000 \\ Cost of sales & (6,780) \\ Gross Profit & 4,220 \\ Operating Expenses & (3,090) \\ Operating Profit & 1,130 \\ Investment Income & \\ Interest & 150 \\ Dividends & 570 \\ Finance Charge & (220) \\ Income Tax & (710) \\ Net Profit for the year & 920 \\ \hline \end{tabular} Statement of Financial Position as at 31st December Additional Information 1. Operating expenses include a loss on disposal of non-current assets of GHe50,000. 2. During the year, an item of plant was disposed of. The plant originally cost GHc800,000 and had accumulated Depreciation to the date of disposal of GHc150,000. Required: In accordance with IAS 7, prepare a Cash flow Statement for ABBY limited for the year ended, 31at December, 2018 (10 marks)