Prepare a statement of cash flow for Mabuhay Corporation For the month ended Ocotber 30, 2021. Given data were the following: Net Income = 360,000 Decrease in accounts receivables = 110,000 Increase in Inventory = 50,000 Decrease in accounts payable = 40,000 Increase in capital stocks = 80,000 Payment of dividends = 210,000 Purchase of new building = 550,000 Decrease in office equipment = 160,000 Depreciation of fixed assets = 250,000 Payment of long term debts = 75.000 loans obtained = 500,000
Prepare a statement of cash flow for Mabuhay Corporation For the month ended Ocotber 30, 2021. Given data were the following: Net Income = 360,000 Decrease in accounts receivables = 110,000 Increase in Inventory = 50,000 Decrease in accounts payable = 40,000 Increase in capital stocks = 80,000 Payment of dividends = 210,000 Purchase of new building = 550,000 Decrease in office equipment = 160,000 Depreciation of fixed assets = 250,000 Payment of long term debts = 75.000 loans obtained = 500,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
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Prepare a statement of cash flow for Mabuhay Corporation For the month ended Ocotber 30, 2021.
Given data were the following:
Net Income = 360,000
Decrease in accounts receivables = 110,000
Increase in Inventory = 50,000
Decrease in accounts payable = 40,000
Increase in capital stocks = 80,000
Payment of dividends = 210,000
Purchase of new building = 550,000
Decrease in office equipment = 160,000
Payment of long term debts = 75.000
loans obtained = 500,000
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