Hound Answer

1
Hound Answer

• Cash flow statement for Hound Ltd 2002
• Net Profit 15,000
• Add back depreciation 500
• Increase in stock -4,000
• Increase in debtors -1,000
• Decrease in creditors -1,500
• Net cash flow from operations 9,000
• Purchase of Fixed Assets -2,000
• Taxation -500
• Payment of dividends -1,000
• Increase in share capital 1,000
• 6,500
• Reconciliation to bank account