Extract from the financial statements fo Hamilton are set out below:
Income statement for the year ended 31 December
Revenue | 200,000 |
Cost of Sales | 160,000 |
Gross Profit | 40,000 |
Profit on sale of non-currnet assets | 16,000 |
56,000 | |
Expenses | 14,000 |
Depreciation | 10,000 |
Net Profit | 32,000 |
Net Current Asset Opening | 24,000 |
Net Current Asset Closing | 30,000 |
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 | 32,000 |
Add Depreciation | 10,000 |
Minus profit on sales of non-current assets | (16,000) |
Miuns Increase in current assets | (6,000) |
Answer | 20,000 |
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2015 ACCA F3 OPERATING CASH FLOW