Brett Limited had a net profit after tax of $850 000 for the financial year. Included in this profit was:
$\blacktriangleright$Depreciation expense of $120 000
$\blacktriangleright$Gain on sale of Investments of $28 000
Also, Accounts Receivable increased by $39 000 and Inventories decreased by $12 000. The cash flow from operating activities during the year was:
A) $731 000
B) $785 000
C) $915 000
D) $969 000.

Question

Quizplus · Accepted Answer

The Answer of Brett Limited had a net profit after tax of $850 000 for the financial year. Included in this profit was:
$\blacktriangleright$Depreciation expense of $120 000
$\blacktriangleright$Gain on sale of Investments of $28 000
Also, Accounts Receivable increased by $39 000 and Inventories decreased by $12 000. The cash flow from operating activities during the year was:
A) $731 000
B) $785 000
C) $915 000
D) $969 000.

Brett Limited Had a Net Profit After Tax of $850 ▶\blacktriangleright▶

Brett Limited Had a Net Profit After Tax of $850 $\blacktriangleright$