What amount should be reported as net cash provided by operating activities? Kollar Corporation reported net income of P6,500,000 for thecurrent year. Changes in certain accounts during the current yearare:Investment in Gold shares carried on the equity basisAccumulated depreciaiton, cause by major repair to equipment380,000 increase210,000 decreaseUnearned interest income50,000 decreasePremium on bonds payable120,000 decreaseDeferred tax liability180,000 increase

1) Investment in gold shares carried on equity basis is an in investment activity. 2) Decrease in…

Kollar Corporation reported current year. Changes in certain accounts during the current year are: Investment in Gold shares carried on the equity basis 380,000 increase Accumulated depreciaiton, cause by major repair to equipment 210,000 decrease Unearned interest income 50,000 decrease Premium on bonds payable 120,000 decrease Deferred tax liability 180,000 increase

Kollar Corporation reported current year. Changes in certain accounts during the current year are: Investment in Gold shares carried on the equity basis 380,000 increase Accumulated depreciaiton, cause by major repair to equipment 210,000 decrease Unearned interest income 50,000 decrease Premium on bonds payable 120,000 decrease Deferred tax liability 180,000 increase

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 8RE

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