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Produce a statement of cash flows using the direct method suitable for inclusion in the financial statements, as per IAS 7.

Produce a statement of cash flows using the direct method suitable for inclusion in the financial statements, as per IAS 7.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Airtel ZM MTN Zambia X Bu Y | 2 BOZO CO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 2021 Answered: You are addi... bartleby.com Assets Non-current assets Tangible Assets Current Assets Cash QUESTION 2 The summarized accounts of Bozo Co for the year ended 31 December 2022 are as follows: Receivables Inventories Total Assets Liabilities and capital Capital and reserves Share capital (K1,000) Share premium account Revaluation surplus Accumulated profits Non-current liabilities 10%debentures Current Liabilities Trade payables Tax payable Dividends payable Overdraft Total liabilities and capital BOZO CO Revenue Cost of sales Gross profit Other expenses (Including depreciation of K42m) Profit before tax Tax Profit after tax K'm 7 168 214 10%debentures þ*** Current Liabilities Trade payables |-|--20880 K'm 628 136 389 1017 STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2021 O 250 70 110 314 744 80 193 1017 3G K'm 0 147 210 "... 4.46% 2020 You are additionally informed that there have been no disposals of non-current assets during the year. New debentures were issued on 1 January 2021. Wages for the year amounted to k86m. Dividends for the year were k24m. 121 Required Produce a statement of cash flows using the direct method suitable for inclusion in the financial statements, as per IAS 7. K'm *5 88823 * 55 ****| 514 11:57 S ⠀ 1 A
Transcribed Image Text:Airtel ZM MTN Zambia X Bu Y | 2 BOZO CO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 2021 Answered: You are addi... bartleby.com Assets Non-current assets Tangible Assets Current Assets Cash QUESTION 2 The summarized accounts of Bozo Co for the year ended 31 December 2022 are as follows: Receivables Inventories Total Assets Liabilities and capital Capital and reserves Share capital (K1,000) Share premium account Revaluation surplus Accumulated profits Non-current liabilities 10%debentures Current Liabilities Trade payables Tax payable Dividends payable Overdraft Total liabilities and capital BOZO CO Revenue Cost of sales Gross profit Other expenses (Including depreciation of K42m) Profit before tax Tax Profit after tax K'm 7 168 214 10%debentures þ*** Current Liabilities Trade payables |-|--20880 K'm 628 136 389 1017 STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2021 O 250 70 110 314 744 80 193 1017 3G K'm 0 147 210 "... 4.46% 2020 You are additionally informed that there have been no disposals of non-current assets during the year. New debentures were issued on 1 January 2021. Wages for the year amounted to k86m. Dividends for the year were k24m. 121 Required Produce a statement of cash flows using the direct method suitable for inclusion in the financial statements, as per IAS 7. K'm *5 88823 * 55 ****| 514 11:57 S ⠀ 1 A
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