Reference no: EM132532993
The following information is available in relation to Britannia baby company.The company has profit before taxes is Rs. 50 lakhs.
Question a. Classify and give reasons for cash flow falling under the operating activities.
Question b. Classify and give reasons for cash flow falling under the investing activities.
Particulars
1. tangible assets purchased during the year =75 lakhs
2. depreciation charged on these tangible assets for the year @ 10%=?
3. stock sold for the year =95 lakhs
4. loan given to big boy company = 150lakhs
5. interest received from the big boy company for the said loan @11.5%=?
6. share purchased of a company called as arvind mills=10lakhs
7. dividend received from arvind mills =1lakhs
8. taxes paid for the year @30% =?