Compute for the:a. net cash flow from operating activitiesb. net increase (decrease in cash) Items 9-12 are based on the following data:The following information is available for Bubble Guppy's Jewelry and Gift Store:P5,000-Net incomeDepreciation expense+2,500Increase in deferred tax liabilities500Decrease in cash- 3,000Increase in marketable securities-1,000Decrease in accounts receivable+2,000Increase in inventories-9,000-5,000/+1,00014,000Decrease in accounts payableIncrease in accrued liabilitiesIncrease in property and equipmentIncrease in short-term notes payableDecrease in long-term notes payableUse the indirect method to answer the questions.19,0004,0009. What is net cash flow from operating activities?а. Р(3,000)b. P(1,000)с. Р5,000d. P13,000Answer:Please present your solution below:

Cash flow statement is the statement which shows all cash inflows and cash outflows of business…

Answered: Compute for the: a. net cash flow from…

Business

Accounting

Compute for the: a. net cash flow from operating activities b. net increase (decrease in cash)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 7MCQ

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Question

Compute for the:

a. net cash flow from operating activities

b. net increase (decrease in cash)

Items 9-12 are based on the following data:
The following information is available for Bubble Guppy's Jewelry and Gift Store:
P5,000-
Net income
Depreciation expense
+2,500
Increase in deferred tax liabilities
500
Decrease in cash
- 3,000
Increase in marketable securities
-1,000
Decrease in accounts receivable
+2,000
Increase in inventories
-9,000
-5,000/
+1,000
14,000
Decrease in accounts payable
Increase in accrued liabilities
Increase in property and equipment
Increase in short-term notes payable
Decrease in long-term notes payable
Use the indirect method to answer the questions.
19,000
4,000
9. What is net cash flow from operating activities?
а. Р(3,000)
b. P(1,000)
с. Р5,000
d. P13,000
Answer:
Please present your solution below:

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