Operating profit, after deducting loss on asset disposal of 34,000 and depreciation amounting to 58,000, has been
Question:
Operating profit, after deducting loss on asset disposal of £34,000 and depreciation amounting to £58,000, has been reported as £842,500. Changes in working capital items in the year were as shown. Calculate the cash generated by operating activity for inclusion in a Statement of cash flows prepared on the indirect method.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted: