Selected accounts from the SFP of UVI Limited at 31 December 20X4 and 20X5, are presented below.

Question:

Selected accounts from the SFP of UVI Limited at 31 December 20X4 and 20X5, are presented below. UVI reported earnings of $ 407,000 in 20X5, and depreciation expense was $ 35,000.

Required:
Calculate cash from operating activities for the year.

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Feb 17, 2015 09:04 AM

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Selected accounts from the SFP of UVI Limited at 31 December 20X4 and 20X5, are presented below.

Question:

As at 31 December 20X5 20X4 Accounts receivable Inventory Accounts payable Short-term bank loan payable $160,000 $110,000 240,000 150,000 195,000 75,000 102,000 200,000

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Operating activities Net earnings 407000 Adjustments for items not requiring cash Depre...View the full answer

Intermediate Accounting

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