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CONSOLIDATED CASHFLOW STATEMENTS (IAS 7)The basic cash flow statement has been covered under Financial Accounting II. The following introduction will serve as a quick reminder.A Cashflow statement is a simple report that explains the various sources of cash and how the business puts this cash into use. The objective of IAS 7 is to recommend the format in which the cashflow statement should be presented and where the various sources of cash and payments should be classified.The cash received and payments made should be classified into main categories which are:-1. Cashflows from operating activities2. Cashflows from investing activities3. Cashflows from financing activities
Important points for holding company with subsidiary The following points are important: 1) The first approach is to determine the effective shareholding by the holding compan
TYPES OF GIFT BY WAY OF A WILL (a) A special (or specific) legacy is a testamentary gift of a particular part of the property of the testator, which identifies that part by a s
Tubby is a retailer that buys and sells handmade robotic toys. He buys a basic prototype and then programs it to do all sorts of unique tricks. The following information was provi
How should I handle Booking an invoice in one month for Raw material that has not been received until the following month?
please help me on the current lay out of the departmental accounts
Q. Assembly of Financial Statements? Assembly of Financial Statements -Providing of various accounting or data-processingservices by an accountant, output of which is in the fo
March and has already accumulated $30,000 in manufacturing costs, Job B and order for 10,000silver medallions, was not started until April. Transactions for these jobs are the foll
AsIDENTIFY THE MAIN PROVISIONS OF THE PARTNERSHIP ACT k question #Minimum 100 words accepted#
You are evaluating a project which costs $720,000, has a four-year life, and no salvage value. Depreciation is straight-line and the half year rule does not apply. Sales are projec
Gary and Joyce Yau, both 30, last month bought their dream house in London, Ontario. The purchase price was $450,000 plus addition fees such as taxes, legal fees, administration fe
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