Please do not give image format 5.The following balances were extracted from N's financial statements:Extracts from the statement of financial position as at 31 December2022Deferred taxationCurrent tax payableA. £156,000B. £114,000C. £135,000D. £21,000Extract from statement of profit or loss for the year ended 31 December 2022Income tax expense£135,00040,000110,000The amount of tax paid that should be included in N's statement of cash flowsfor the year ended 31 December 2022 is:202131,00098,000(i) Tax paid(ii) Purchase of investments(iii) Loss on disposal of machinery(iv) Purchase of equipment6. IAS 7 Statement of cash flows sets out the three main headings to be used in astatement of cash flows. Items that may appear on a statement of cash flowsinclude:A. (i) and (ii)B. (i) and (iii)C. (ii) and (iv)D. (iii) and (iv)Which of the above items would be adjusted / included under the heading"Cash flows from operating activities" according to IAS 7 indirect method?

Hi studentSince there are multiple questions, we will answer only first question. Cash flows…

5. The following balances were extracted from N's financial statements: Extracts from the statement of financial position as at 31 December 2022 40,000 110,000 Deferred taxation Current tax payable 2021 31,000 98,000 Extract from statement of profit or loss for the year ended 31 December 2022 Income tax expense £135,000 A. £156,000 B. £114,000 C. £135,000 D. £21,000 The amount of tax paid that should be included in N's statement of cash flows for the year ended 31 December 2022 is:

5. The following balances were extracted from N's financial statements: Extracts from the statement of financial position as at 31 December 2022 40,000 110,000 Deferred taxation Current tax payable 2021 31,000 98,000 Extract from statement of profit or loss for the year ended 31 December 2022 Income tax expense £135,000 A. £156,000 B. £114,000 C. £135,000 D. £21,000 The amount of tax paid that should be included in N's statement of cash flows for the year ended 31 December 2022 is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Can you please enter the information clearly without so many spaces? The information is hard to read.
Identify the minimum cardinality of any REA diagram relationship. O or 1. O or N. 1 or N. None of these.
Explain an example of source documents.
Please do not give image format
Explain the meaning of withholding at source
How can forwardrates be used for hedging purposes?
What is the importance of a Form 8-K? What is the importance of a proxy statement?
Explain Change in Reporting Entity.
Explain what is included in Form 10-Q and why is it needed.
What are reversing entries, and how do they work?
True or False: Access controls limit who can change records Group of answer choices True False
How do you make a two-dimensional columnar chart in excel?