Make financing section of statement of cash flows for jade

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Reference no: EM132547827

The following information has been extracted from the accounting records of Jade Ltd.

                                        30 June 2018                       30 June 2019

Borrowings                        $76,000                          $152,000

Share capital                        152,000                        190,000

Property revaluation surplus        38,000                         46,000

Retained earnings                        57,000                        72,000

Additional information

(a) Borrowings of $15,000 were repaid during the year to 30 June 2019. New borrowings include $61,000 vendor finance arising on the acquisition of a property.

(b) The increase in share capital includes $23,000 arising from the company's dividend reinvestment scheme.

(c) The movement in retained earnings comprises profit for the year $68,000, net of dividends $53,000.

(d) There were no dividends payable reported in the statement of financial position at either 30 June 2018 or 30 June 2019.

Question 1: Prepare the financing section of the statement of cash flows for Jade Ltd for the year ended 30 June 2019. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Reference no: EM132547827

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