Scribd
Upload
45 views1 page

Statement of Cash Flows Pas 7

The document provides financial information for Lucie Company including cash proceeds, dividends, interest, taxes, and payments for the year. It asks to prepare a statement of cash flows for Lucie Company using the requirements of PAS7/IAS 7.

Uploaded by

Raphael Galit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
45 views1 page

Statement of Cash Flows Pas 7

The document provides financial information for Lucie Company including cash proceeds, dividends, interest, taxes, and payments for the year. It asks to prepare a statement of cash flows for Lucie Company using the requirements of PAS7/IAS 7.

Uploaded by

Raphael Galit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

STATEMENT OF CASH FLOWS PAS 7

Lucie Company provided the following information during the current year:

Proceeds from sale of equipment 850,000


Dividend received 150,000
Dividend paid 400,000
Cash collected from customers 2,450,700
Proceeds from issuing share capital 1,000,000
Cash paid to purchase inventory 500,000
Interest received 100,000
Proceeds from sale of long term borrowings 900,000
Cash received from sale of trading securities 900,000
Interest paid 220,000
Income taxes paid 300,000
Cash paid to suppliers and employees 880,000
Cash payment to purchase land 2,600,000
Cash balance, January 1 2,500,000

Required: Prepare a statement of cash flows for Lucie Company for the year ended
December 31, 2020 in accordance with the requirements of PAS7/IAS 7.

You might also like