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Direct method of presentation

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Reference no: EM13553387

Direct plc provided the following information from its records for the year ended 30 September 20X9:

B000

Sales

316,000

Cost of goods sold

110,400

Other expenses

72,000

Rent expense

14,400

Dividends

10,000

Amortisation expense -

PPE

8,000

Advertising expense

4,800

Gain on sale of equipment

2,520

Interest expense

320




20X9

20X8

Accounts receivable

13,200

15,200

Unearned revenue

8,000

9,600

Inventor y

18,400

19,200

Prepaid adver tising

0

400

Accounts payable

11,200

8,800

Rent payable

0

1,200

Interest payable

40

0

Required:

Using the direct method of presentation, prepare the cash flows from the operating activities section of the Statement of cash flows for the year ended 30 September 20X9.

Reference no: EM13553387

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