Waec Model Questions Vol1 2017 Financial Accounting Question 4

The following information relates to XYZ Ltd for the year ended 31 December 2022 (all figures in thousands of Naira): Profit before tax...................... 1,200 Tax expense............................ 300 Depreciation expense................... 150 Gain on sale of equipment.............. 40 Loss on disposal of investment......... 20 Increase in accounts receivable........ 80 Decrease in inventories................ 30 Increase in accounts payable........... 50 Decrease in accrued expenses.......... 10 Proceeds from issue of share capital... 500 Proceeds from long‑term loan........... 400 Repayment of long‑term loan............ 250 Purchase of equipment.................. 200 Dividend paid.......................... 100 Using the indirect method, calculate the net cash inflow (or outflow) from operating activities.