A purpose a statement of cash flows for artes gallery for, Ask an Expert

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(a) Purpose a Statement of Cash Flows for Arte's Gallery for the year ended 30^thJune 2012 using the preformed provided. Show all calculations.

(b) Below is the summarized Statements Cash Flow for two other sole traders. Comment on which one has a healthier cash flow situation and justifies your answer by explaining the importance of each of the three kinds of cash flows for each business:

Bill's Ben's

Cash flow from Operating Activities 12 000 6 000

Cash flow from Investing Activities (18 000) 8 000

Cash flow from Financing Activities 4 000 (12 000)

Net increase / (decrease) in cash held (2 000) 2 000

Cash at the starting of the year 5 000 5 000

Cash at the end of the year 3 000 7 000

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9721706

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