The current section of Doodle Ltd's statement of financial position at 30 June is presented below....

 

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The current section of Doodle Ltd's statement of financial position at 30 June is presented below. All values are in $. 2020 2019 Current assets Cash 103,900 98,500 Accounts receivable 102,870 89,000 inventory 164,500 185,400 Prepaid expenses 28,500 22,970 Total current assets 399,770 395,870 Current liabilities Accounts payable 81,970 89,300 Accrued expenses 11,700 5,800 Total current liabilities 93,670 95,100 Other information: Profit for the year ended 30 June 2020 was 155,800 Depreciation expense was 12,750 Required Prepare the net cash provided by the operating activities section of Doodle Ltd's statement of cash flows for the year ended 30 June 2020, using the indirect method. The current section of Doodle Ltd's statement of financial position at 30 June is presented below. All values are in $. 2020 2019 Current assets Cash 103,900 98,500 Accounts receivable 102,870 89,000 inventory 164,500 185,400 Prepaid expenses 28,500 22,970 Total current assets 399,770 395,870 Current liabilities Accounts payable 81,970 89,300 Accrued expenses 11,700 5,800 Total current liabilities 93,670 95,100 Other information: Profit for the year ended 30 June 2020 was 155,800 Depreciation expense was 12,750 Required Prepare the net cash provided by the operating activities section of Doodle Ltd's statement of cash flows for the year ended 30 June 2020, using the indirect method.

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Note No Doodle Limited Cash Flow Statement Indirect Method Cash flow from ... View the full answer