Question: Presented below is the operating activities section of the statement of cash flows for Bruin Consulting for the financial year ended 30 June 2014: Operating

Presented below is the operating activities section of the statement of cash flows for Bruin Consulting for the financial year ended 30 June 2014:

Operating activities:

Total comprehensive income$120 000

Add:Depreciation10 000

Decrease in accounts receivable5 000

$135 000

Deduct:Decrease in accounts payable(15 000)

Net cash inflow from operating activities$120 000

Which method of preparing the operating activities section has Bruin Consulting used?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!