Solution-Direct method of presentation

Direct method of presentation

Reference no: EM13553387

Direct plc provided the following information from its records for the year ended 30 September 20X9:

	B000
Sales	316,000
Cost of goods sold	110,400
Other expenses	72,000
Rent expense	14,400
Dividends	10,000
Amortisation expense -
PPE	8,000
Advertising expense	4,800
Gain on sale of equipment	2,520
Interest expense	320

	20X9	20X8
Accounts receivable	13,200	15,200
Unearned revenue	8,000	9,600
Inventor y	18,400	19,200
Prepaid adver tising	0	400
Accounts payable	11,200	8,800
Rent payable	0	1,200
Interest payable	40	0

Required:

Using the direct method of presentation, prepare the cash flows from the operating activities section of the Statement of cash flows for the year ended 30 September 20X9.

Reference no: EM13553387

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Direct method of presentation

Reference no: EM13553387

Reference no: EM13553387

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