Workings: The table below shows the calculation of income tax paid during 2010. Alternatively a ledger account can be prepared to calculate the amount of income tax paid during the year: The table below shows the calculation of interest paid during 2010. Alternatively a ledger account can be prepared to calculate the amount of interest paid during the year: Now that all the workings are completed the Statement of Cash Flows for Fabric Smart Jamaica for the year ended 31st December, 2006 can be prepared. I hope that you found this proposed solution helpful! If you did please share it! Also, feel free to ask any questions or to comment below. Best of luck!
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AuthorThe author holds a Bsc (Hons) Degree in Applied Accounting from Oxford Brookes University, England and enjoys a successful career as an Accounting Supervisor and a private tutor. Archives
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