Cash Flow statement

This topic has 3 replies, 2 voices, and was last updated 9 years ago by John Moffat.

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February 4, 2017 at 3:36 pm #371051
neshnesh
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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 much
February 4, 2017 at 6:33 pm #371063
John Moffat
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The difference between the retained earnings in the two years (as adjusted by any tax and dividends that are given in the question).
February 5, 2017 at 5:44 am #371087
neshnesh
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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 1500
accumulated 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.
February 5, 2017 at 9:22 am #371126
John Moffat
Keymaster
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First, you must have an answer to this in the same book in which you found the question!
Second, this could not be asked in Paper F3 anyway because there is mention of deferred tax, which cannot occur in Paper F3.
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