this is an IFRS cash flow statement, please find all the error inside the statement. thanks
Transcribed Image Text:Woodbridge Incorporated
Statement of Cash Flows
December 31, 2021
Cash flows from operating activities
Net income
ADD: Depreciation expense
ADD: Loss on disposal of equipment
ADD: Decrease in accounts receivable
ADD: Decrease in interest receivable
ADD: Increase in prepaid insurance
DEDUCT: Increase in inventories
DEDUCT: Decrease in interest payable
DEDUCT: Decrease in income tax payable
Dividends paid
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Proceeds from disposal of equipment
Purchase of new building
Net cash used by investing activities
Cash flows from financing activities
Issuance of common shares
Retirement of long-term debts
Interest paid
Net cash provided by financing activities
Net increase in cash
$ 85,000
135,000
12,000
30,000
4,000
(45,000)
(102,000)
(125,000)
$ 89,000
710,000
(960,000)
$ 200,000
(125,000)
(47,000)
$ 690,000
(6,000)
684,000
(20,000)
664,000
(161,000)
28,000
$ 531,000
Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).
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