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Specs Limited had a net profit after tax of $600,000 for the financial year. Included in this profit was: Depreciation expense $80,000 Gain on sale
Specs Limited had a net profit after tax of $600,000 for the financial year. Included in this profit was:
Depreciation expense $80,000 Gain on sale of investments $30,000 Decrease in Accounts payable $15,000 Increase in Accounts receivable $35,000 The cash flow from operating activities during the year was:
$730,000. | ||
$600,000. | ||
$630,000. | ||
$660,000. |
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