The following details are provided to you regarding Southwall Ltd: (i) The company reported an operating profit

Question:

The following details are provided to you regarding Southwall Ltd:

(i) The company reported an operating profit of £432,000 for the year ended 31 December 2024.

(ii) The depreciation expense for 2024 was £79,000.

(iii) Extracts from the company’s balance sheets as at 31 December 2024 and 2023 reveal:

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Given the above, what is the cash generated from operations in the statement of cash flows of Southwall Ltd for the year ended 31 December 2024?

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Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Question Posted: Mar 04, 2024 09:23 AM

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The following details are provided to you regarding Southwall Ltd: (i) The company reported an operating profit

Question:

Inventory Trade receivables Trade payables 31 December 2024 '000 158 217 193 31 December 2023 '000 186 201 210

Step by Step Answer:

Frank Woods Business Accounting An Introduction To Financial Accounting

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