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Question: a summarised comparative statement of financial position of csl ltd...
Question details
A summarised comparative statement of financial position of CSL Ltd is presented below.
30-Jun-21
30-Jun-20
Cash
$132,000
$90,000
Trade Receivable
$97,000
$135,000
Inventories
$87,000
$93,000
Prepayments
$15,000
$18,000
Land
$135,000
$135,000
Plant
$570,000
$450,000
Accumulated Depreciation
($105,000)
($85,000)
$931,500
$835,500
Trade Payable
$67,500
$78,000
Long-term Borrowings
$255,000
$300,000
Share Capital
$420,000
$345,000
Retained Earnings
$189,000
$112,500
$621,000
$835,500
Additional information
- There were no disposals of land or plant during the year.
- A $100 ,000 borrowing was settled through the issue of ordinary shares. There were no other repayments of borrowings.
- Profit for the year was $90 ,000, interest expense was $40,000, and income tax paid was $25,000. There were no items of other comprehensive income.
- A $13,500 dividend was paid during the year.
- Sales revenue for the year was $900 ,000. There was no other revenue.
Required
Prepare the operating activities section of the statement of cash flows using the indirect method of presentation for the year ended 30 June 2021.
can you please reply me as much as possible.
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