Reference no: EM132574750
The following information is available in relation to Britannia Baby Company. The Company has profit before taxes of Rs 50 lacs.
Question 1: Classify and give reasons for the cash flows falling under the operating activities. Also Solve The whole table and show how its done.
Particulars Amount Rs in (Lacs)
1. Tangible assets purchased during the year : 75 lacs
2. Depreciation charged on these tangible assets for the year @ 10% : ?
3. Stock sold for the year : 95 lacs
4. Loan given to Big Boy Company : 150 lacs
5. Interest received from Big Boy company for the said loan @11.5%: ?
6. Shares purchased of a company called as Arvind Mills: 10 lacs
7. Dividend Received from Arvind Mills: 1 lacs
8. Taxes paid for the year @ 30%: ?