Chapter 16, Problem 3BPSB

To determine

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

• Cash flows from operating activities

• Cash Flows from investing activities

• Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To prepare:

The Cash Flow Statement of Gazelle Corporation for the year ended 31^st Dec. 2017 using the indirect method

To determine

Requirement-2:

To discuss:

The cash flow statement and decision of payment of cash dividend.