Extract from the financial statements fo Hamilton are set out below:
Income statement for the year ended 31 December
Revenue | 600,000 |
Cost of Sales | 480,000 |
Gross Profit | 120,000 |
Profit on sale of non-currnet assets | 48,000 |
168,000 | |
Expenses | 42,000 |
Depreciation | 30,000 |
Net Profit | 96,000 |
Net Current Asset Opening | 72,000 |
Net Current Asset Closing | 90,000 |
What is the figure in the statement of cash flow of Hamilton for the year ended 31 December in respect of net cash flow from operating activities?
Suggested solutions:
Net Profit | 96,000 |
Add Depreciation | 30,000 |
Minus profit on sales of non-current assets | (48,000) |
Miuns Increase in current assets | (18,000) |
Answer | 60,000 |
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2015 ACCA F3 OPERATING CASH FLOW