The Net Profit of LSLS Corporation for the year is $ 2,515,250. Using the following information the table and find out the Net Cash Flows from Operating Activities by Indirect Method SI. No : Particulars Amount ($) 1 Depreciation Expense 25,565.00 Decrease in Current Liabilities 57,677.00 3 Increase in Prepaid Insurance 67,076.00 4 Loss on Sale of Machinery 322,387.00 Gain on sale of Non Current Asset 377,553.00 Increase in Salaries Payable 64,704.00 Provision for Taxation 123,321.00 $ 2,584,921 O 2,548,921 O $2,544,921 158 921 2.

The Net Profit of LSLS Corporation for the year is $ 2,515,250. Using the following information the table and find out the Net Cash Flows from Operating Activities by Indirect Method SI. No : Particulars Amount ($) 1 Depreciation Expense 25,565.00 Decrease in Current Liabilities 57,677.00 3 Increase in Prepaid Insurance 67,076.00 4 Loss on Sale of Machinery 322,387.00 Gain on sale of Non Current Asset 377,553.00 Increase in Salaries Payable 64,704.00 Provision for Taxation 123,321.00 $ 2,584,921 O 2,548,921 O $2,544,921 158 921 2.

Name: The Net Profit of LSLS Corporation for the year is $ 2,515,250. Using
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Description: The Net Profit of LSLS Corporation for the year is $ 2,515,250. Using the following information inthe table and find out the Net Cash Flows from Operating Activities by Indirect MethodSI. No :ParticularsAmount ($)1Depreciation Expense25,565.00Decrea

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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