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Question 5: The information for a company is as follows: Particulars Amount (in $) Revenue 600,000 Cost of goods sold 375,000 Gross Profit 225,000 Administrative expenses 55,000 Depreciation 35,000 Other expenses 6,500 Net profit before taxes 128,500 Income tax expense 3,500 Net profit 125,000 Compute the cash flow from operating activities with the use of direct method.

Question 5: The information for a company is as follows: Particulars Amount (in $) Revenue 600,000 Cost of goods sold 375,000 Gross Profit 225,000 Administrative expenses 55,000 Depreciation 35,000 Other expenses 6,500 Net profit before taxes 128,500 Income tax expense 3,500 Net profit 125,000 Compute the cash flow from operating activities with the use of direct method.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 5: The information for a company is as follows: Particulars Amount (in $) Revenue 600,000 Cost of goods sold 375,000 Gross Profit 225,000 Administrative expenses 55,000 Depreciation 35,000 Other expenses 6,500 Net profit before taxes 128,500 Income tax expense 3,500 Net profit 125,000 Compute the cash flow from operating activities with the use of direct method.
Transcribed Image Text:Question 5: The information for a company is as follows: Particulars Amount (in $) Revenue 600,000 Cost of goods sold 375,000 Gross Profit 225,000 Administrative expenses 55,000 Depreciation 35,000 Other expenses 6,500 Net profit before taxes 128,500 Income tax expense 3,500 Net profit 125,000 Compute the cash flow from operating activities with the use of direct method.
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