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Operating profit 80,000
Investment income 12,000
Finance costs (10,000)
Profit before tax 82,000
Profit for the year 50,000
Other comprehensive income
Revaluation gain 40,000
Total comprehensive income90,000
Additional informationDuring the year, depreciation of $50,000 and amortisation of $40,000 was charged to the statement of profit or loss.
Cash receipts from customers, including cash sales, were $800,000. Cash paid to suppliers and employees was $626,000.
Interest paid was $12,000 and taxation paid was $13,000.
In the indirect method of cash flow.
Cash paid to suppliers and employees:
Please help me with it.
Without cost of sale, margin, mark up and operating expense, I don’t know other way.
You need to watch my free lectures on Statements of Cash Flows where I work through an example and explain everything.
You do not need cost of sales etc..