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Crows Ltd's Books Show the Following Information for the Preparation

Question 55

Multiple Choice

Crows Ltd's books show the following information for the preparation of its statement of cash flows for the year ended 30 June 2014:
 30-Jun-13  30-Jun-14  Accounts receivable 6900087000 Allowance for doubtful debts 24003000 Prepaid rent 3720024600 Accounts payable 5820067200 Net profit for the year 450000\begin{array} { | l | r | r |} \hline& \text { 30-Jun-13 } & \text { 30-Jun-14 } \\\hline \text { Accounts receivable } & 69000 & 87000 \\\hline \text { Allowance for doubtful debts } & 2400 & 3000 \\\hline \text { Prepaid rent } & 37200 & 24600 \\\hline \text { Accounts payable } & 58200 & 67200 \\\hline \text { Net profit for the year } & & 450000 \\\hline\end{array}
What is the amount of net cash from operating activities for the year ended 30 June 2014?


A) $445 800
B) $453 600
C) $454 200
D) $489 000

Correct Answer:

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