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Corporate Accounting - Sample Assignment PDF

   

Added on  2021-06-15

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Running head: Corporate AccountingName of the StudentName of the UniversityAuthor note
Corporate Accounting - Sample Assignment PDF_1

1Corporate AccountingTable of ContentsCash Flow Statement:............................................................................................................................2Other Income Statement:.......................................................................................................................3Accounting for Corporate Income Tax:.................................................................................................4References:............................................................................................................................................6
Corporate Accounting - Sample Assignment PDF_2

2Corporate AccountingCash Flow Statement:Part 1:On analysis of the cash flow statement of Rio Tinto, the third largest mining companyin the world, some important constituents of the cash flow statements were brought into the lime light.The company’s cash operations, like any other company is broadly classified into three categories,operating, financing and investing. Operating activities included payment of interest and taxes.Investing activities included purchase and sale of financial assets, plants, building and equipment’sCall, Chen and Tong., 2013). While financing activity include payment of dividends, borrowings,loans and other financial cash flows. Some changes were seen in all the three activities. Payment of interest and taxes had increased from$1137 to $1297 million in 2017. Disposal of subsidiaries had also increased from $761 million in2016 to $2675 in 2017. Sale of plant and other equipment’s had not been pretty much in the year2017. In the financial front, payments of equity dividends to the equity shareholders of Rio Tinto hadincreased from $ 2725 million in 2016 to $ 425 in 2017. Repayment of borrowings had also decreasedfrom $9361 in 2016 to $2795 in 2017.Part 2:A comparative analysis of the performance of the company in all the three cashrelated areas has been provided below:
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