The Following Is a List of Amounts Taken from the Records

Essay

The following is a list of amounts taken from the records of Lilly Lavender's,a flower sales and arranging service,for the year to 31/12/20X1.
a Prepare a fully classified Cash Flow Statement for the year ending 31 December 20X1.(Note: some items listed are not cash flow items. )
b Comment on Lilly's cash flows,in regard to operating,investing and financing activities,the ending cash bank balance,and any items you consider are relevant.
c Assume Lilly's net profit on her Income Statement is $240,000.Compare this with the final net operating cash flow for the business,and suggest reasons for the difference.
d Make 3 recommendations to Lilly in regard to her cash flows and cash position.