Solved

Scott Limited Had a Net Profit After Tax of $650,000

Question 16

Multiple Choice

Scott Limited had a net profit after tax of $650,000 for the financial year. Included in this profit was: Depreciation expense $80 000
Gain on sale of investments $30 000
Decrease in inventories $15 000
Increase in Accounts receivable $35 000
The cash flow from operating activities during the year was:


A) $580,000.
B) $620,000.
C) $680,000.
D) $720,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions