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Q2. The Meta company uses indirect method for preparing its statement of cash flows. It...

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Accounting

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Q2. The Meta company uses indirect method for preparing its statement of cash flows. It reported a net income of Rs. 100,000 for the year 2016. During the year 2016, the working capital accounts were changed as follows: - Increase in accounts receivable: Rs. 22,000 - Increase in accounts payable: Rs.18,600 - Increase in inventory: Rs.14,800 - Decrease in non-trade notes payable: Rs. 30,000 - Increase in available for sale securities: Rs. 32,000 - The depreciation expense was Rs.34,000 for the year 2016. You are Required to Compute net cash provided (used) by operating activities using indirect method. [10 Marks]

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