Chapter 19 Revised statement of cash flows

Just a guess but is there a revaluation involved?

I shall have "another" look tomorrow. Thank you Mike you beauty! Good night and god bless!

If I'm wrong, post again but next time give me a page number or an example number and not just the chapter number! If I'm correct, have another shot at working it out and, if it's still a puzzle, post again

Good morning Mike. It's the comprehensive example. The big beast. Thanks. Chris.

Ah, Zita! The value of TNCA at the start of the year was 681 Of these, we sold 109 and received 103, therefore suffering a loss of 6 We revalued some assets by 110 We bought some for 200 We know that the value at the end of the year was 832 On the debit side of the TNCA T Account there is 681, 110 and 200 adding up to 991 On the credit side of the TNCA T Account there is 109 and 832 adding up to 941 We need another 50 on the credit side to make the account balance and so far we haven't depreciated these assets Need I go further?

Revaluation :-( Thank you Mike. I shall look to smash this one over the weekend. Thank you and enjoy your weekend! Many thanks, Chris.

I did push you towards the "revaluation" aspect because that's the one that is most likely overlooked ..... but you wouldn't take the hint. Even the recorded lectures specifically highlight in upper case red letters "BEWARE THE REVALUATION ACCOUNT" Short of sitting on your shoulder with a bull-horn leading from my mouth to your ear, I cannot give you any greater clue! One other thing to warn you about in cash flow questions and it's not in the video recording (I think) Check the bottom figure "Profit after tax" in the statement of income. If that figure is NOT the difference between last year's Retained Earnings b/f and this year's Retained Earnings c/f according to the statement of financial position, it means that the company has paid a dividend. The examiner will almost certainly NOT point you in the appropriate direction - nowhere in the question will he say anything at all about a dividend payment - it's up to you to spot it! BEWARE

You my friend are a legend. I didn't look at the revaluation from your first post as it was 2200hrs here in the UK. But thank you for your guidance. I shall be sure to keep a beedy eye out :-)

You probably don't remember him, but the politician Michael Foot was surely the classic legend