Singh Ltd. reported the following information in its balance sheet and income statement for the year ended
Question:
Singh Ltd. reported the following information in its balance sheet and income statement for the year ended March 31, 2024:
Calculate the net cash provided (used) by operating activities using the indirect method.
Transcribed Image Text:
Accounts receivable Inventory Prepaid expenses Accounts payable Income tax payable Depreciation expense Gain on sale of equipment Profit for the year 2024 $ 40,000 63,000 4,000 35,000 16,000 50,000 45,200 330,000 2023 $60,000 70,000 2,000 40,000 10,000
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SINGH LTD Cash Flow Statement PartialIndirect Method Year Ended March 31 2024 Operating activities ...View the full answer
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Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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