Please expain your solutions Question 6(15 marks): Compulsory XYZ Corp.'s statement...
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Please expain your solutions Question marks: Compulsory XYZ Corp.s statement of financial position accounts as of December and and information relating to activities are presented below. Net income for was $ Any cash dividends were declared and paid in the same year. Equipment costing $ and having a carrying amount of $ was sold in for $ A longterm investment was sold in for $ There were no other transactions affecting longterm investments in ordinary shares were issued in for $ a share. Shortterm investments consist of treasury bills maturing on Required: For XYZ Corp: Prepare the Cash Flows Statement in proper format for the year PLEASE SEE THE PICTURE BECUASE NOT ALL INFORMATION ARE AVAILABLE HERE
Please expain your solutions
Question marks: Compulsory
XYZ Corp.s statement of financial position accounts as of December and and information relating to activities are presented below.
Net income for was $
Any cash dividends were declared and paid in the same year.
Equipment costing $ and having a carrying amount of $ was sold in for $
A longterm investment was sold in for $ There were no other transactions affecting longterm investments in
ordinary shares were issued in for $ a share.
Shortterm investments consist of treasury bills maturing on
Required:
For XYZ Corp:
Prepare the Cash Flows Statement in proper format for the year
PLEASE SEE THE PICTURE BECUASE NOT ALL INFORMATION ARE AVAILABLE HERE
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