R&R Company's income statement contalned the condensed information below. R&R Company Income Statement For the Year...
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R&R Company's income statement contalned the condensed information below. R&R Company Income Statement For the Year Ended 31 December, 2020 RM RM 970,000 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets 624,000 55,000 25.000 704,000 Income before income taxes Income tax expense 266,000 40,000 226,000 Net income R&R's statement of financial position contained the comparative data at 31 December, 2019 RM 60,000 27,000 7,000 shown below: 2020 Accounts receivable Accounts payable Income taxes payable RM 75,000 41,000 13,000 Accounts payable pertain to operating expenses. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. R&R Company's income statement contalned the condensed information below. R&R Company Income Statement For the Year Ended 31 December, 2020 RM RM 970,000 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets 624,000 55,000 25.000 704,000 Income before income taxes Income tax expense 266,000 40,000 226,000 Net income R&R's statement of financial position contained the comparative data at 31 December, 2019 RM 60,000 27,000 7,000 shown below: 2020 Accounts receivable Accounts payable Income taxes payable RM 75,000 41,000 13,000 Accounts payable pertain to operating expenses. Required: Prepare the operating activities section of the statement of cash flows using the indirect method.
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Cashflow from opearting Activity using indirect Method Particulars Amount Income before taxes ... View the full answer
Related Book For
Contemporary Financial Management
ISBN: 978-1285198842
13th edition
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
Posted Date:
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