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20 marksPublished Accounts and Statement of Cash Flows

CAPE Accounting Unit 1 · 2010 · Paper 2 · Question 3(a)

The firm of Hussein and Daughters provides comparative Balance Sheets for 2007 and 2008, the 2008 Income Statement, and five additional items of financial information relating to asset disposals, acquisitions, debt payments, and dividends.

Prepare the Statement of Cash Flows for the year 2008 in accordance with International Accounting Standards 7 (IAS 7).

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Other parts of this question

  1. 3(b)Calculate TWO liquidity ratios and THREE profitability ratios for the company and comment on the performance.[10 marks]
  2. 3(c)List FIVE limitations of financial statement ratio analysis.[5 marks]

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