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Hello, I want to ask for the cash flow statement when the question only given financial position and did not given income statement, How to find the profit before tax in order to start the cash flows from operating activities?
Thanks so muchThe difference between the retained earnings in the two years (as adjusted by any tax and dividends that are given in the question).
If like the below scenario how to use accumulated profits difference between 2 year and adjust the tax and dividend?
year 2002 2003
current liabilities
proposed dividend 30 40
income tax 1200 1035
Non current liabilities
deferred tax 1800 1500accumulated profits 6816 9510
additional information
The proposed dividend are on the company ordinary share capital. No interim dividends were paid
The estimated income tax of 2002 was fully paid in the current year. There was no under or over estimation of income tax.
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