House designs Ltd had a $54000 net loss for 2017. A dividend of $18000 was paid during

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House designs Ltd had a $54000 net loss for 2017. A dividend of $18000 was paid during the year and depreciation expense was $13000. An inspection of the balance sheet showed the following working capital accounts.

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Calculate whether House Designs Ltd generated any cash from its operations during 2017.

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Accounting Business Reporting For Decision Making

ISBN: 9780730363415

6th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver

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Question Posted: Sep 07, 2022 01:14 AM

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House designs Ltd had a $54000 net loss for 2017. A dividend of $18000 was paid during

Question:

Cash Accounts receivable Inventory Prepayments Accounts payable Accrued expenses 1 Jan 2017 $10000 12 000 16 000 4 500 14 000 6000 31 Dec 2017 $ 8000 14000 10000 3000 18000 8000

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