Question

ABC corporation provide the information and requested you to prepare cash flow from operating activities using direct method:cash receipt from customer=9500000,cash paid to supliers=1200000,cash paid to employes=800000,total cash generated from operation=7500000,interest paid=1500000,income tax=3500000,dividend received=1000000,profit on sale of land=500000​

Answer 1

Explanation:

Interest paid is $12,000 and taxation paid is $13,000. Required: (a) Using the direct method prepare the operating activities section of the