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Extracts from financial statements on a lease question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Extracts from financial statements on a lease question

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 11, 2015 at 7:21 pm #240940
    drice99
    Member
    • Topics: 52
    • Replies: 78
    • ☆☆

    Hi mike, on the giedruola part of example 2, would the extract from the statement of cash flows be as follows:

    Operating activities

    Depreciation 2286
    Finace interest 705+665 = 1370
    Finance interest paid (705)

    Financing activities
    Payments to fiance lease creditors
    1910+1500-705=2705

    Cheers

    Hugh

    April 11, 2015 at 8:17 pm #240944
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23331
    • ☆☆☆☆☆

    That seems to be ok (without the benefit of the question in front of me, it seems to be correct!)

    April 11, 2015 at 8:23 pm #240946
    drice99
    Member
    • Topics: 52
    • Replies: 78
    • ☆☆

    Great cheers mike!

    April 11, 2015 at 9:23 pm #240955
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23331
    • ☆☆☆☆☆

    You’re welcome

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