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Cash flow statement

This topic has 1 reply, 2 voices, and was last updated 10 years ago by michealjames.

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May 6, 2015 at 5:43 pm #244390
Lau
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under IAS 7, why is profit from disposal of vehicle a used of income in the cash from operating activities?
May 7, 2015 at 10:23 am #244564
michealjames
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Profit on disposal is a non cash item. We have to deduct it when adjusting net cash from operating activities.
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