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Chapter 18
Example 2
Continuing with Example 1 for ABC, suppose that the dividend paid in the
statement of changes in equity was $30,000 and that other items in the
statements of financial position were as follows:
20X2 20X1
$ $
Non-current assets*
Plant at cost 120,000 100,000
Acc. depreciation (22,000) (20,000)
––––––– –––––––
98,000 80,000
Current assets
Bank and cash 101,000 63,000
Share capital 120,000 100,000
Non-current liabilities
Loan notes 21,000 30,000
Current liabilities
Taxation 12,000 16,000
*Plant which had cost $15,000 and had a carrying amount of $7,000 was sold
during the year. Dividends paid in the year were $16,000.
Required:
Complete ABC's statement of cash flows for the year ended 31 December
20X2.
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