The following information has been extracted from the books of K.K Fosu Limited Liability Company for the year to 31st December, 2019. Liabilities 2019 2018 Assets 2019 2018 GHC GHC GHC GHC Share capital 400,000 300,000 Goodwill 90,000 115,000 8% preference share capital 100,000 150,000 Land & Building 170,000 200,000 General reserves 70,000 40,000 Plant 200,000 80,000 Profit & Loss 48,000 30,000 Debtors 200,000 160,000 Proposed Dividend 50,000 42,000 Stock 109,000 77,000 Creditors 83,000 55,000 Bills receivable 30,000 20,000 Bills payable 16,000 20,000 Cash in hand 10,000 15,000 Provision for tax 50,000 40,000 Cash at bank 8,000 10,000 817,000 677,000 817,000 677,000 Additional Information: (a) Depreciation of GHc. 10,000 and GHc. 20,000 have been charged on Plant and Land and Buildings in 2019. (b) An interim dividend of GHc 20,000 has been paid in 2019. (c) GHc 35,000 Income tax was paid during 2019. (d) Profit before tax in 2019 was GHc 188,000 Required: a) Using IAS 7 indirect method, prepare a statement of cash flow for the year ended 31 December 2019 .
The following information has been extracted from the books of K.K Fosu Limited Liability Company for the year to 31st December, 2019.
Liabilities 2019 2018 Assets 2019 2018 GHC GHC GHC GHC Share capital 400,000 300,000
Additional Information: (a)
(b) An interim dividend of GHc 20,000 has been paid in 2019.
(c) GHc 35,000 Income tax was paid during 2019.
(d) Profit before tax in 2019 was GHc 188,000
Required: a) Using IAS 7 indirect method, prepare a statement of cash flow for the year ended 31 December 2019 .
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