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Question - The following information relates to the activities of I Miss You Company. Income tax may be ignored.
Net cash flows form operating activities 720,000
Decrease in trade payables 23,000
Decrease in inventory 11,500
Increase in trade receivables 24,600
Cash proceeds from sale of plant (book value of P25,000) 14,000
Increase in allowance for doubtful debts 1,000
Required - What is the profit for the period?
A. 698,100
B. 730,100
C. 744,100
D. 767,100
What are the nature of the contingency disclosure for this company
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