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  • Condensed Financial Data of Tobita Limited Which Follows Aspe For PDF

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    Tobita Limited provided condensed financial data for 2014 and 2013 that follows ASPE accounting standards. During 2014, the company issued $70 of common shares in exchange for plant assets, but did not sell any plant assets. The document instructs the preparation of statements of cash flows using direct and indirect methods and asks if Tobita Limited has options for classifying interest and dividends paid and whether any alarming trends are revealed.

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    Tobita Limited provided condensed financial data for 2014 and 2013 that follows ASPE accounting standards. During 2014, the company issued $70 of common shares in exchange for plant assets, but did not sell any plant assets. The document instructs the preparation of statements of cash flows using direct and indirect methods and asks if Tobita Limited has options for classifying interest and dividends paid and whether any alarming trends are revealed.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    30 views2 pages

    Condensed Financial Data of Tobita Limited Which Follows Aspe For PDF

    Uploaded by

    Freelance Worker
    Tobita Limited provided condensed financial data for 2014 and 2013 that follows ASPE accounting standards. During 2014, the company issued $70 of common shares in exchange for plant assets, but did not sell any plant assets. The document instructs the preparation of statements of cash flows using direct and indirect methods and asks if Tobita Limited has options for classifying interest and dividends paid and whether any alarming trends are revealed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    Condensed financial data of Tobita Limited which follows

    ASPE for #1590

    Condensed financial data of Tobita Limited, which follows ASPE, for 2014 and 2013 follow:

    Additional information: During the year, $70 of common shares were issued in exchange for
    plant assets. No plant assets were sold in 2014.

    Instructions

    (a) Prepare a statement of cash flows using the indirect method.

    (b) Prepare a statement of cash flows using the direct method.

    1/2
    (c) Does Tobita Limited have any options on how to classify interest and dividends paid on the
    statement of cash flows?

    (d) What would you consider to be an alarming trend that is revealed by the statements that you
    have prepared? Is it as easy to notice this trend using the direct method, as in part (b)?

    Condensed financial data of Tobita Limited which follows ASPE for

    ANSWER
    http://paperinstant.com/downloads/condensed-financial-data-of-tobita-limited-which-follows-
    aspe-for/

    2/2
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