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