AS ABC's income statement for 2001 (in euros) is: sales revenue 240,000 cost of goods sold 150,000 Gross profit 90,000 Operating expenses 65,000 operating profit 25,000 Net profit 25,000 includes depreciation expense of 14,900 euros. In addition, it is known that during 2001, trade receivables decreased by EUR 9,150, inventories increased by EUR 9,000 and trade payables increased by EUR 12,500. task: To compile the part of the cash flow statement of AS ABC from the main activity of cash flow using the direct method for the year 2001.
AS ABC's income statement for 2001 (in euros) is: sales revenue 240,000 cost of goods sold 150,000 Gross profit 90,000 Operating expenses 65,000 operating profit 25,000 Net profit 25,000 includes depreciation expense of 14,900 euros. In addition, it is known that during 2001, trade receivables decreased by EUR 9,150, inventories increased by EUR 9,000 and trade payables increased by EUR 12,500. task: To compile the part of the cash flow statement of AS ABC from the main activity of cash flow using the direct method for the year 2001.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AS ABC's income statement for 2001 (in euros) is:
sales revenue 240,000
cost of goods sold 150,000
Gross profit 90,000
Operating expenses 65,000
operating profit 25,000
Net profit 25,000
includes
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