Max Ltd. arrived at a net income of $ 1,000,000 for the year ended March 31,...

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Max Ltd. arrived at a net income of $ 1,000,000 for the year ended March 31, 2016. Depreciation for the year was $3,00,000. There was a profit of $ 700,000 on assets sold, which was transferred to the statement of profit and loss account. Trade Receivables increased during the year $ 60,000, and trade payables also increased by $ 80,000. Compute the cash flow operating activities by the indirect approach. Max Ltd. arrived at a net income of $ 1,000,000 for the year ended March 31, 2016. Depreciation for the year was $3,00,000. There was a profit of $ 700,000 on assets sold, which was transferred to the statement of profit and loss account. Trade Receivables increased during the year $ 60,000, and trade payables also increased by $ 80,000. Compute the cash flow operating activities by the indirect approach. Max Ltd. arrived at a net income of $ 1,000,000 for the year ended March 31, 2016. Depreciation for the year was $3,00,000. There was a profit of $ 700,000 on assets sold, which was transferred to the statement of profit and loss account. Trade Receivables increased during the year $ 60,000, and trade payables also increased by $ 80,000. Compute the cash flow operating activities by the indirect approach.

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