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PROBLEM F Bohol Company provided the following for the current year: Cash balance, January 1 Decrease in long-term debt Gain on sale of equipment P6,000,000 5,000,000 300,000 Depreciation 1,100,000 Proceeds from investment of owners 4,000,000 Purchase of equipment for cash 5,000,000 Cash withdrawal from owner 2,500,000 Net income 7,600,000 Proceeds from sale of equipment 2,000,000 Increase (decrease) in working capital accounts: Accounts Receivable (2,000,000) Inventory Trade accounts and notes payable Income tax payable 2,500,000 3,800,000 (1,500,000)

PROBLEM F Bohol Company provided the following for the current year: Cash balance, January 1 Decrease in long-term debt Gain on sale of equipment P6,000,000 5,000,000 300,000 Depreciation 1,100,000 Proceeds from investment of owners 4,000,000 Purchase of equipment for cash 5,000,000 Cash withdrawal from owner 2,500,000 Net income 7,600,000 Proceeds from sale of equipment 2,000,000 Increase (decrease) in working capital accounts: Accounts Receivable (2,000,000) Inventory Trade accounts and notes payable Income tax payable 2,500,000 3,800,000 (1,500,000)

Intermediate Accounting: Reporting And Analysis
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 9E: Net Cash Flow from Operating Activities The following are accounting items taken from Tyrone...
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The net cash flow from investing activities amounted to PBlank 1.

PROBLEM F Bohol Company provided the following for the current year: Cash balance, January 1 P6,000,000 Decrease in long-term debt Gain on sale of equipment Depreciation 5,000,000 300,000 1,100,000 Proceeds from investment of owners 4,000,000 Purchase of equipment for cash 5,000,000 Cash withdrawal from owner 2,500,000 Net income 7,600,000 Proceeds from sale of equipment 2,000,000 Increase (decrease) in working capital accounts: Accounts Receivable Inventory Trade accounts and notes payable Income tax payable (2,000,000) 2,500,000 3,800,000 (1,500,000)
Transcribed Image Text:PROBLEM F Bohol Company provided the following for the current year: Cash balance, January 1 P6,000,000 Decrease in long-term debt Gain on sale of equipment Depreciation 5,000,000 300,000 1,100,000 Proceeds from investment of owners 4,000,000 Purchase of equipment for cash 5,000,000 Cash withdrawal from owner 2,500,000 Net income 7,600,000 Proceeds from sale of equipment 2,000,000 Increase (decrease) in working capital accounts: Accounts Receivable Inventory Trade accounts and notes payable Income tax payable (2,000,000) 2,500,000 3,800,000 (1,500,000)
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