What is the amount of cash generated from operations?\\nPositive $18,000\\nNegative $42,000\\nPositive $118,000\\nNegative $94,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company made an operating loss before tax of $80,000 in the year just * 4 points ended. Depreciation charges were $42,000. During the year, the company issued new shares, generating cash proceeds of $150,000. There was a loss on disposals of non-current assets amounting to $26,000. The company had payable balance of $120,000 and $150,000 at the beginning and ending of the year respectively. What is the amount of cash generated from operations?\\nPositive $18,000\\nNegative $42,000\\nPositive $118,000\\nNegative $94,000

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