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Business
Accounting
2020 2019 Net profit for the year 1200 1100 Depreciation for the financial year 80 70 Accumulated depreciation 400 320 Fixed asset impairment reversal gains 50 20 Profits for the sale of fixed assets 100 50       Based on the above information, the cash flow of 2020 before changes in working capital accounts is?

2020 2019 Net profit for the year 1200 1100 Depreciation for the financial year 80 70 Accumulated depreciation 400 320 Fixed asset impairment reversal gains 50 20 Profits for the sale of fixed assets 100 50       Based on the above information, the cash flow of 2020 before changes in working capital accounts is?

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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2020

2019

Net profit for the year

1200

1100

Depreciation for the financial year

80

70

Accumulated depreciation

400

320

Fixed asset impairment reversal gains

50

20

Profits for the sale of fixed assets

100

50
     

Based on the above information, the cash flow of 2020 before changes in working capital accounts is?

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