Reference no: EM132553960
The information below relates to ABC Health for the year ended 30th June 2018.
Bank balance 1 July 2017 (overdraft) $22,000
Cash paid to suppliers 192,200
Cash from customers 294,000
Payments for wages and expenses 25,000
Cash from borrowing 6,600
Income tax paid 20,000
Depreciation of equipment 35,600
Bank balance 30th June 2018 17,900
Cash from interest received 20,500
Cash received from repayment of a loan 55,000
Cash paid to purchase equipment 40,000
Credit Sales 60,000
Interest paid 30,000
REQUIRED:
Question 1: From the above information, prepare classified cash flow statement (classified into operating, investing and Financial activities) for ABC for the year ended 30th June 2018.
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Prepare classified cash flow statement
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Some organizations prohibit workers
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