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Ryan Company's income statement for the year ended December 31, 2015, reported net income of P360,000. The financial statements also disclosed the following information: Amortization - P 20,000; Depreciation - 60,000; Increase in accounts receivable - 140,000; Increase in inventory - 48,000; Decrease in accounts payable - 76,000; Increase in salaries payable - 28,000; Dividends paid - 120,000; Purchase of equipment - 150,000; Increase in long-term note payable - 300,000. Net cash provided by operating activities for 2015 should be reported as

Ryan Company's income statement for the year ended December 31, 2015, reported net income of P360,000. The financial statements also disclosed the following information: Amortization - P 20,000; Depreciation - 60,000; Increase in accounts receivable - 140,000; Increase in inventory - 48,000; Decrease in accounts payable - 76,000; Increase in salaries payable - 28,000; Dividends paid - 120,000; Purchase of equipment - 150,000; Increase in long-term note payable - 300,000. Net cash provided by operating activities for 2015 should be reported as

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...
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Ryan Company's income statement for the year ended December 31, 2015, reported net income of P360,000. The financial statements also disclosed the following information: Amortization - P 20,000; Depreciation - 60,000; Increase in accounts receivable - 140,000; Increase in inventory - 48,000; Decrease in accounts payable - 76,000; Increase in salaries payable - 28,000; Dividends paid - 120,000; Purchase of equipment - 150,000; Increase in long-term note payable - 300,000. Net cash provided by operating activities for 2015 should be reported as 

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