While calculating cash operating profit/cash flow before working capital changes in cash flow chapter is Tax paid ( as-3 adjustments ) deducted ??
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Cash Flow Statement
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In cash flow statement, TAX PAID is deducted after all the adjustments of OPERATING ACTIVITIES...
Thats the problem ... We arrive at Cash flow before working capital changes after adjusting net profit for non-cash items ... But Tax Paid is deducted At the end .. But I think Tax Paid is also an operating Expense so it should be deducted as well to Calculate CAsh Profit ...
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