MANAGERIAL ACCOUNTING ACCESS CARD
MANAGERIAL ACCOUNTING ACCESS CARD
17th Edition
ISBN: 9781266165276
Author: Garrison
Publisher: MCG
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Chapter 15, Problem 13P
To determine

Operating Cash Flow: Operating Cash Flow is the type of cash flow where the cash is given or received in the course of routine business operations of the company.

Free Cash Flow: Free cash flow is the amount that remains in the company which helps to operate it in a planned way after deducting the funds from the company.

Determine the total cash flow, operating cash flow and free flow cash flow of Rusco Company and determine the reason for a decline in the total cash balance.

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For the following scenarios, offset the losses for the appropriate years using the rules as applied in Trinidad and Tobago and those in Jamaica. A. In the year of assessment 2012, Company McKenzie Incor. Ltd has PYL of $3,800,000 to its disposal. In 2013, the company made net income of $4,700,000 and $3,800,000 in 2014. B. XYZ Company Limited, in the year of assessment 2015, makes net income of $8,000,000, and its PYL was $9,000,000. XZY registered in December 2014 for GCT/VAT and declared that its estimated income for the year of assessment 2015 was $2,999,000..
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