financial statements
Can somebody help me please. I have got to produce a statement of cash flow and I have just come to try and work out the dividends paid during the year. Our tutor has said check profit for the period from continuing operations which I have and its £85 and compare the the opening and closing balance of retained earnings (year end 20x0 £990 + year 20x1 £1010). subtract I am left with £20 - my profit £85 I am left with - £65 is this correct.
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Comments
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Yes - assuming no other transfers to/from P&L reserve.0
