(a)[1]
State which bookkeeping entry lowered the company’s legal capacity to pay dividends in the future.
(b)[15]
Compile the statement of cash flows for the year ended 31 December 2020 under IAS 7.
(c)[4]
Advise the directors on whether the company’s performance is satisfactory. Justify your response.
(d)[5]
Discuss whether the debenture should be issued to finance the planned expansion.