question archive The following information was extracted from Greenpower MS Bhd
The following information was extracted from Greenpower MS Bhd
Subject:AccountingPrice: Bought3
The following information was extracted from Greenpower MS Bhd. for the year ended 28 February 2011. RM Cash at the 1 March 2010 105,000 Cash receipts: Cash received from issuance of stock 50,000 Cash received from customers 252,300 Cash received from interest at bank 4,600 Cash received from borrowing at bank 25,000 Total cash receipts 331,900 Cash payments: Cash paid for wages of employees 134,600 Cash paid to stockholders as dividends 5,500 Cash paid to bank for interest 7.200 Cash paid to bank to repay earlier loan 10,000 Cash paid for taxes 23,500 Cash paid for operating expenses 128,100 Cash paid for equipment 15,000 Total cash payments 323,900 Required: Determine net cash flows from operating activities using direct method.
