Statement of cash flows using the direct method

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Reference no: EM132500031

The statement of profit or loss for Kasinski Manufacturing Ltd contains the following condensed information,

KOSINSKI MANUFACTURING LTD
Statement of profit or loss
for the year ended 31 December 2016

Machinery was purchased at a COSI of S750 000. The following balances are reported on Kosinski's 2016 statement of financial position at it December:

REQUIRED
a. Prepare the statement of cash flows using the direct method.
b. Prepare the reconciliation of profit and cash provided by operating activities.

Reference no: EM132500031

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