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ACCTG211 Financial Accounting
(a) Complete the partial SCF and reconciliation note for Damian Ltd in relation to interest and dividends received and paid assuming all four items are classified as cash flows from operating activities.
(b) Complete the partial SCF and reconciliation note for Damian Ltd in relation to interest and dividends received and paid assuming all four items are not classified as cash flows from operating activities
Introduction
The legal system has majorly affected the accounting. Accounting is the art of collection and analyzing the data of the organization and interpreting the same in the very useful and defined manner. The legal system majorly in the field of accounting denotes the accounting standard bodies and the standard setting bodies. These bodies define the accounting standards and policies and describe the way in which the accounting is done and how the same shall be presented and disclosed to the users of the financial statements (Watts & Zimmerman, 2016). Read More...
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