Question
I was on the quiz a picture below, I studied myself but didn't get clear and satisfied answers for A)and B). I hope someone can
I was on the quiz a picture below, I studied myself but didn't get clear and satisfied answers for A)and B). I hope someone can help with correct data.
material is fully given. I wrote down some my thoughts from studying. please double check, thanks.
1.interest paid will be belonged operating
2.the sales revenue is 352000 while the cash received is only 294000 hence the difference will also adjusted in net profit58000 will be substracted as it increased our cash income
3.Net profit +[ - Adjustments of items (depreciation, wages & sales) ], then move to operating activities then investing & financing
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