Pedantic Ltd has operating profit for the year ended 30 June 2020 of £40,300, after charging depreciation of £6,500, amortisation of £2,000 and making a loss on the disposal of a car of £1,000. The balance sheet shows the following changes over the year: Trade receivables: increase by £1,500 Inventories: increase by £1,200 Trade payables: increase by £1,800 What is the net cash from operating activities? a) £49,800 b) £48,900 c) £54,300 d) £50,700

Pedantic Ltd has operating profit for the year ended 30 June 2020 of £40,300, after charging depreciation of £6,500, amortisation of £2,000 and making a loss on the disposal of a car of £1,000. The balance sheet shows the following changes over the year: Trade receivables: increase by £1,500 Inventories: increase by £1,200 Trade payables: increase by £1,800 What is the net cash from operating activities? a) £49,800 b) £48,900 c) £54,300 d) £50,700

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 6RE: Suppose that Blake Companys total pretax difference from a change to FIFO was 100,000 and the...

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Suppose that Blake Companys total pretax difference from a change to FIFO was 100,000 and the company pays a bonus of 5% of its income before income taxes and bonus to employees. If Blake pays an additional bonus | based on the change in income, would it recognize any expense? If so, when and how much?
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