Operating Activities - Indirect Method Workback 4) The following information relates to the activities of I Miss You Company. Income tax may be ignored. Net cash flows form operating activities Decrease in trade payables 720,000 23,000 Decrease in inventory 11,500 Increase in trade receivables 24,600 Cash proceeds from sale of plant (book value of P25,000) 14,000 Increase in allowance for doubtful debts 1,000 What is the profit for the period? A. 698,100 В. 730,100 C. 744,100| D. 767,100
Operating Activities - Indirect Method Workback 4) The following information relates to the activities of I Miss You Company. Income tax may be ignored. Net cash flows form operating activities Decrease in trade payables 720,000 23,000 Decrease in inventory 11,500 Increase in trade receivables 24,600 Cash proceeds from sale of plant (book value of P25,000) 14,000 Increase in allowance for doubtful debts 1,000 What is the profit for the period? A. 698,100 В. 730,100 C. 744,100| D. 767,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Operating Activities – Indirect Method Workback
4) The following information relates to the activities of I Miss You Company. Income tax may be ignored.
Net cash flows form operating activities
Decrease in trade payables
Decrease in inventory
720,000
23,000
11,500
Increase in trade receivables
24,600
Cash proceeds from sale of plant (book value of P25,000)
14,000
Increase in allowance for doubtful debts
1,000
What is the profit for the period?
A. 698,100
B. 730,100
C. 744,100|
D. 767,100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffaa30df9-c459-4ca8-a349-f55c98007ebb%2F327f658a-41a2-4616-8e54-346b613d97dc%2F4oxbkdq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Operating Activities – Indirect Method Workback
4) The following information relates to the activities of I Miss You Company. Income tax may be ignored.
Net cash flows form operating activities
Decrease in trade payables
Decrease in inventory
720,000
23,000
11,500
Increase in trade receivables
24,600
Cash proceeds from sale of plant (book value of P25,000)
14,000
Increase in allowance for doubtful debts
1,000
What is the profit for the period?
A. 698,100
B. 730,100
C. 744,100|
D. 767,100
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