12. Which of the following statements are true? I. Investing activities are presented using direct method in the statement of cash flows. II. Financing activities are presented using direct method in the statement of cash flows. III. Investing activities are presented using indirect method in the statement of cash flows. IV. Financing activities are presented using indirect method in the statement of cash flows. a. I and II b. II and III c. I and IV d. III and IV
12. Which of the following statements are true?
I. Investing activities are presented using direct method in the statement of cash flows.
II. Financing activities are presented using direct method in the statement of cash flows.
III. Investing activities are presented using indirect method in the statement of cash flows.
IV. Financing activities are presented using indirect method in the statement of cash flows.
a. I and II
b. II and III
c. I and IV
d. III and IV
13. A manufacturer at the end of its fiscal year recorded the following data below:
Direct labor P800,000
Indirect labor 100,000
Manufacturing overhead 160,000
Selling and other expenses 80,000
Raw materials used 140,000
What is the total
a. P960,000
b. P1,280,000
c. P1,100,000
d. P1,200,000
Step by step
Solved in 2 steps
