Question 33Extracts from the financial statements of ASB Ltd are set out below.Profit & Loss Account Year Ended 31st December 2000so00Turnover400Cost of sales(175)Gross profit225Profit on sale of fixed asset80305ExpensesDepreciationNet profit35407523031st December 199931st December 2000SO00SO00Stock, debtors, current liabilities5065What figure would appear in the cash flow statement of ASB Ltd for the year ended31st December 2000 for cash from operations?

Cash flow statement consists of cash flows from 3 activities which includes 1) Operating…

Extracts from the financial statements of ASB Ltd are set out below. Profit & Loss Account Year Ended 31st December 2000 So00 Turnover 400 Cost of sales (175) Gross profit 225 Profit on sale of fixed asset 80 305 Expenses Depreciation 35 40 75 Net profit 31st Detember 1999 230 31st December 2000 So00 S00 Stock, debtors, current liabilities 50 65 What figure would appear in the cash flow statement of ASB Ltd for the year ended 31st December 2000 for cash from operations?

Extracts from the financial statements of ASB Ltd are set out below. Profit & Loss Account Year Ended 31st December 2000 So00 Turnover 400 Cost of sales (175) Gross profit 225 Profit on sale of fixed asset 80 305 Expenses Depreciation 35 40 75 Net profit 31st Detember 1999 230 31st December 2000 So00 S00 Stock, debtors, current liabilities 50 65 What figure would appear in the cash flow statement of ASB Ltd for the year ended 31st December 2000 for cash from operations?

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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