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Using the financial statements below, determine: 1. The amount of cash flow from or (used) in operations (2 marks) Please note: there were no disposals
Using the financial statements below, determine: 1. The amount of cash flow from or (used) in operations (2 marks) Please note: there were no disposals of property plant and equipment during the year and interest expense is treated as a non financial item. Data Set Atlas Corporation Balance Sheet as at December 31 Assets Cash Accounts Receivable Inventories Current Assets Plant and Equipment Less Accumulated Amortization Net Plant and Equipment Total Assets 2019 $120,000 490,000 700,000 1,310,000 1,050,000 290,000 760,000 $2,070,000 2020 $160,00 750,00 885,00 1,795,00 1,175,00 590,00 585,00 $2,380,00
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