Question
Limbo. Limited had a profit after tax of $100 000 for the financial year. Included in this profit was: Depreciation expense of $24 000 Gain
Limbo. Limited had a profit after tax of $100 000 for the financial year. Included in this profit was:
Depreciation expense of $24 000
Gain on sale of investments of $12 000
Also, accounts receivable increased by $13000 and inventories decreased by $4000. The cash flow from operating activities during the year was:
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
11th Edition
0538742801, 978-0538742801
