A company made an operating loss before tax of $80,000 in the year just ended. Depreciation charges
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A company made an operating loss before tax of $80,000 in the year just ended. Depreciation charges were $42,000. During the year, the company issued new shares, generating cash proceeds of $150,000. There was a loss on disposals of non-current assets amounting to $26,000. The company had payable balance of $120,000 and $150,000 at the beginning and ending of the year respectively.
What is the amount of cash generated from operations?
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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