A companys reported current profit Rs 70,000 after incorporating the following Loss on sales of investment...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A companys reported current profit Rs 70,000 after incorporating the following Loss on sales of investment Rs 10,000. Premium on redemption of debentures Rs 1,500. Depreciation on Machinery and Plant Rs 20,000. Goodwill and Preliminary Expenses written off Rs 30,000; Gain from sale of Non-Current Assets Rs 40,000. The net inflow of funds from the operation would be A B C D Rs. 91,500 Rs. 80,000 Rs. 70,000 Rs.59,500 A companys reported current profit Rs 70,000 after incorporating the following Loss on sales of investment Rs 10,000. Premium on redemption of debentures Rs 1,500. Depreciation on Machinery and Plant Rs 20,000. Goodwill and Preliminary Expenses written off Rs 30,000; Gain from sale of Non-Current Assets Rs 40,000. The net inflow of funds from the operation would be A B C D Rs. 91,500 Rs. 80,000 Rs. 70,000 Rs.59,500
Expert Answer:
Answer rating: 100% (QA)
Calculation of net inflows of funds from the operation Particular Amount Net Profit 70000 Loss on sa... View the full answer
Related Book For
Dynamic Business Law The Essentials
ISBN: 978-1259917103
4th edition
Authors: Nancy Kubasek, Neil Browne, Daniel Herron
Posted Date:
Students also viewed these accounting questions
-
Explain the difference between a unilateral mistake and a mutual mistake.
-
How do you think Joe will feel six weeks after the project is underway? Compare his new approach to project management with his previous approach.
-
How do you think CRM performance should be measured? Suggest several performance measures.
-
Boneyard Biscuits Dutch auction for an IPO was a great success. The firm offered 100 million shares. Bids appear below. a. What is the clearing price? b. What options do Boneyard and its underwriters...
-
Nina owns a used car lot. She signs and sends a fax to Seth, a used car wholesaler who has a huge lot of cars in the same city. The fax says, "Confirming our agrmt-I pick any 15 cars fr yr lot-30%...
-
Pineview Company, a single member LLC, placed in service on June 1, 2022 a $5,000 asset. The asset has a three-year MACRS class life and is ineligible for 179 expensing and bonus depreciation....
-
Consider a horizontal 5-mm-thick, 100-mm-long straight fin fabricated from plain carbon steel \((k=57\) \(\mathrm{W} / \mathrm{m} \cdot \mathrm{K}, \varepsilon=0.5)\). The base of the fin is...
-
A bond that matures in 7 years sells for $1,020. The bond has a face value of $1,000 and a yield to maturity of 10.5883 percent. The bond pays coupons semiannually. What is the bonds current yield?
-
You will invest $ 2 0 0 per year. If the rate is 9 . 0 8 % , how much will you have in 1 8 years?
-
Alice Appliance Service had net income for the year of $58,500. In addition, the balance sheet reports the following balances: Calculate the return on assets for Alice Appliance Service for the year...
-
The following data lists the ages of a random selection of actresses when they won an award in the category of Best Actress, along with the ages of actors when they won in the category of Best Actor....
-
5. It takes 3 h 26 min to fill a 2600 L water tank. Determines the length of time, t, in minutes, it will take to fill a 1200 L water tank? (1mark)
-
What does the language have to do with the success of Linux?
-
Describe three or four challenges you see in achieving an effective work environment, and identify resources needed to achieve balance in a changing workplace.
-
Calculate the velocity of a car (in m/s) that starts from rest and accelerates at 3 m/s for 6 seconds. Your Answer:
-
Why not give the user and kernel threading capabilities that the Sun Solaris operating system offers a try? What are some of the advantages and disadvantages of the threading strategy that the...
-
You are considering whether or not to buy a car and finance it through your bank or to lease it through GMAC. The bank currently charges an interest rate of 8.5% (use 8.5% and monthly compounding...
-
The packaging division of a company having considered several alternative package designs for the company's new product has finally brought down their choices to two designs of which only one has to...
-
From 2006 to 2008, on 17 occasions, Andrews asked friends and colleagues to loan him a total of roughly $2 million to purchase property in Indianapolis or to improve property that he owned in the...
-
Edward Hosch entered into four loan agreements with Citicapital Commercial Corporation to finance the purchase of heavy construction equipment. Four months later, Citicapital merged into Citicorp...
-
How does the misappropriation theory apply to insider trading?
-
Figure 4 shows a scatterplot for the variables life expectancy and infant mortality in 16 countries. What type of correlation does it show? Does this correlation make sense? Does it imply causality?...
-
Figure 5 shows a scatterplot for the variables number of farms and mean farm size in the United States. Each dot represents data from a single year between 1950 and 2000; on this diagram, the earlier...
-
The scatterplots in Figure 6 show two weeks of data comparing the actual high temperature for the day with the same-day forecast (part a) and the three-day forecast (part b). Estimate the correlation...
Study smarter with the SolutionInn App