Question
3. A firm generated net income of 30, million AED. That is depreciation expense was 5 million AED and dividends were paid in the amount
3. A firm generated net income of 30, million AED. That is depreciation expense was 5 million AED and dividends were paid in the amount of 8 million AED. Account payable decreased by 7 million, account receivable increased by 10 million, inventory increased by 15 million, and not fixed asset increased by 18, million AED. What was the net cash flow operation activity ?
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International Finance
Authors: Keith Pilbeam
4th Edition
0230362893, 978-0230362895
