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What is the profit for the period

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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

Reference no: EM133049133

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