Reference no: EM132523375
1. The following information is available in relation to Britannia Baby Company. The Company has profit before taxes of Rs 50 lacs.
Question a. Classify and give reasons for the cash flows falling under the operating activities
Question b. Classify and give reasons for the cash flows falling under the investing activities
Particulars
Amount Rs in (Lacs)
Tangible assets purchased during the year 75
Depreciation charged on these tangible assets for the year @10% ?
Stock sold for the year 95
Loan given to Big Boy Company 150
Interest received from Big Boy Company for the said loan @11.5% ?
Shares purchased of a company called as Arvind Mills 10
Dividend Received from Arvind Mills 1
Taxes paid for the year @30% ?