Jannah Company has sales of P1,000,000, cost of goods sold of P700,000, depreciation expenses of P250,000 and interest expenses of P55,000. If Jannah’s tax rate is 34% and the income statement is complete, what is Jannah's operating cash flow? A. P283,000 B. P246,700 C. P33,000 D. P300,000

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Jannah Company has sales of P1,000,000, cost of goods sold of
P700,000, depreciation expenses of P250,000 and interest expenses of
P55,000. If Jannah’s tax rate is 34% and the income statement is
complete, what is Jannah's operating cash flow?

A. P283,000
B. P246,700
C. P33,000
D. P300,000

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