Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Consider the following piece of information from the Income Statement of Sunny Ltd. on 31st December 2022 (accounting year-end): Sales Revenue 100.000 Cost of goods

Consider the following piece of information from the Income Statement of Sunny Ltd. on 31st December 2022 (accounting year-end): Sales Revenue 100.000 Cost of goods sold (28, 000) Gross profit 72, 000 Distribution expenses (2.000) Depreciation expense (1.500) Operating profit 68,500 Additional information: . Trade receivables on 31st December 2021 equal 800 and on 31st December 2022 equal 2, 500. Trade payables increased by 12, 900. Tax paid on cash during the current accounting year amounts to 10, 200. Loss on asset disposal equals 850. Considering the income statement and the additional information to calculate the net cash flow from operating activities, which of the following statements is true? O a. The net cash flow from operating activities equals 49,450 b. The net cash flow from operating activities equals 71, 850. c. The net cash flow from operating activities equals 73, 350. O d. None of the answers is true.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started