Aug 16, 2017

Statement of cash flows; indirect method

This paper concentrates on the primary theme of Statement of cash flows; indirect method in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Statement of cash flows; indirect method

Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2016 fiscal year was $1,250,000. Depreciation expense of $140,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:

Required:

Calculate cash flows from operating activities for 2016

 

 

Q19;

IFRS; statement of cash flows

The statement of cash flows for the year ended December 31, 2016, for Bronco Metals is presented below.

Required:

Prepare the statement of cash flows assuming that Bronco prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility, use the classification used most often in IFRS financial statements.



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