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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
Question : The subsequent data pertain to a shop. The owner has made following sales forecasts for the first 5 months of the coming year.
RESOLUTIONS OF CREDITORS Normally, decisions at meetings of creditors are taken by ordinary resolution, viz., a resolution passed by a simple majority in value of creditors pre
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
The Caltor Company gathered the following condensed data for the Year Ended December 31, 2010. Cost of goods sold $ 710,000 Net sales 1,279,000 Administrative expenses 239,000 I
Q1. what are the roles and objective of FASB and IASB? Q2.what are the main reason for the joint project undertaken by the FASB and IASB? Q3.state some critics by individual and th
Nieland Industries had one patent recorded on its books as of January 1, 2014. This patent had a book value of $288,000 and a remaining useful life of 8 years. During 2014, Nieland
In May 2011, Your Company purchased the rights to a natural resource for $4,125,000. The estimated recoverable units from the natural resource amount to 5,500,000 units. During the
Adjusting Entries Clapton Guitar Company entered into the following transactions during 2013. [The transactions were properly recorded in permanent (balance sheet) accounts unless
Ask questSarah is the sole distributor agent in her area for Holmes Kitchen Tiles. Sarah purchases the titles at a trade discount and annually in May receives an agency commission
I see a question posted. I can I be sure the problem has been solved. I tried calling your number but I got no answer
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