Compute funds from operations.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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i) Amount transferred to debenture sinking fund $10,000.
(ii)
(iii) A plant having a book value of $30,000 was sold for $34,000.
(iv) Cost of Issue of Shares written off $5,000.
(v) Interim dividend paid $8,000.
vi) Balance in statement of Profit & Loss is $200,000 on Dec 31,2021 and $250,000 on Dec 31,2022
Compute funds from operations.
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