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Prepare a statement of cash flows for xyz ltd

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Question - The balances in the accounts of XYZ at 30 June 2012 and 30 June 2013 are attached.

Other information: Share capital is increased by the bonus issue of 20 000 shares for $1.00 each out of retained earnings. Plant is acquired during the period at a cost of $30 000, while plant with a carrying value of $nil (cost of $20 000; accumulated depreciation of $20 000) is scrapped.

Required: Prepare a statement of cash flows for XYZ Ltd for the year ending 30 June 2013.

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Reference no: EM131793857

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