Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q8 Defoe Ltd made a profit before tax of 624,000 for the year ended 31 December 2021, after charging depreciation of 96,000. The following information

image text in transcribed

Q8 Defoe Ltd made a profit before tax of 624,000 for the year ended 31 December 2021, after charging depreciation of 96,000. The following information was included in the statement of financial position as at 31 December 2021: 2020 2019 000 000 520 470 Inventories Trade receivables 316 402 Trade payables 294 325 What is cash generated from operations for the year ended 31 December 2021? A 725,000 775,000 967,000 D 817,000 ABCD B

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Construction Safety Auditing Made Easy A Checklist Approach To OSHA Compliance

Authors: Kathleen Hess-Kosa

2nd Edition

0865879796, 978-0865879799

More Books

Students also viewed these Accounting questions