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1. The net profit before taxes as per the profit and loss account, of Gaman Ltd is Rs 269244. With the given set of
1. The net profit before taxes as per the profit and loss account, of Gaman Ltd is Rs 269244. With the given set of information, classify the given items as (operating / investing/financing), share the correct classification with logical reasoning And calculate the cash flow from operating activities TABLE BELOW Loss on sale of asset 95780 dividend income 26000 interest income 35000 finance cost paid on debentures 12000 gain on sale of investment 45000 Depreciation on fixed assets 85000 Amortisation Expenses 110000 (10 Marks)
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Answer To classify the given items as operating investing or financing activities we need to underst...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
