Kensington Company, an SME, reported net income of P500,000 in 2021. Gain on sale of equipment was P90,000. The following working capital accounts changes: Accounts Receivables P110,000 increase Trading equity instrument 160,000 decrease Inventory 73,000 increase Non-Trade note payable 150,000 increase Accounts payable 122,000 increase Under the indirect method, what is the net cash provided by operating activities?
Kensington Company, an SME, reported net income of P500,000 in 2021. Gain on sale of equipment was P90,000. The following working capital accounts changes: Accounts Receivables P110,000 increase Trading equity instrument 160,000 decrease Inventory 73,000 increase Non-Trade note payable 150,000 increase Accounts payable 122,000 increase Under the indirect method, what is the net cash provided by operating activities?
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
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
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Kensington Company, an SME, reported net income of P500,000 in 2021. Gain on sale of equipment was P90,000. The following
P110,000 increase | |
---|---|
Trading equity instrument | 160,000 decrease |
Inventory | 73,000 increase |
Non-Trade note payable | 150,000 increase |
Accounts payable | 122,000 increase |
Under the indirect method, what is the net cash provided by operating activities?
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