Q.3.ABC CompanyIncome statement For the Year Ended December 31 2017Net SalesCost of Good SoldDepreciationEarnings before Interest and Taxes (EBIT)Interest PaidTaxable IncomeTaxesNet IncomeDividend PaidRetained Earnings1059(300)(65)694(70)624(212)412103309Required: Calculate Operating Cash flows (OCF) from the income statement of ABC Company?

Solution The Cash flow statement is a financial statement which is used to calculate the cash…

Answered: Required: Calculate Operating Cash…

Business

Accounting

Required: Calculate Operating Cash flows (OCF) from the income statement of ABC Company?

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

Q.3.
ABC Company
Income statement For the Year Ended December 31 2017
Net Sales
Cost of Good Sold
Depreciation
Earnings before Interest and Taxes (EBIT)
Interest Paid
Taxable Income
Taxes
Net Income
Dividend Paid
Retained Earnings
1059
(300)
(65)
694
(70)
624
(212)
412
103
309
Required: Calculate Operating Cash flows (OCF) from the income statement of ABC Company?

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