The statement of cash flows for the year ended December 31, 2018, for Whiteside Incorporated is presented below.

Required:
Prepare the statement of cash flows assuming that Whiteside prepares its financial statements according to International Financial Reporting Standards (IFRS). Where IFRS allows flexibility, use the classification used most often in IFRS financial statements.

Question

The statement of cash flows for the year ended December 31, 2018, for Whiteside Incorporated is presented below.

Required:
Prepare the statement of cash flows assuming that Whiteside prepares its financial statements according to International Financial Reporting Standards (IFRS). Where IFRS allows flexibility, use the classification used most often in IFRS financial statements.

Quizplus · Accepted Answer

The Answer of The statement of cash flows for the year ended December 31, 2018, for Whiteside Incorporated is presented below.

Required:
Prepare the statement of cash flows assuming that Whiteside prepares its financial statements according to International Financial Reporting Standards (IFRS). Where IFRS allows flexibility, use the classification used most often in IFRS financial statements.

The Statement of Cash Flows for the Year Ended December