The following information is available for Ubbie's jewelry and Gift Store: Net income Depreciation expense Increase in deferred tax liabilities Decrease in cash Increase in marketable securities Decrease in accounts receivable, Increase in inventories P 5, 000 2, 500 500 3, 000 1, 000 2, 000 9,000 5,000 Decrease in accounts payable Increase in accrued liabilities Increase in property and equipment Increase in bonds payable Decrease in long-term notes payable 1, 000 14, 000 19, 000 4,000 Use the indirect method to answer following: What is net cash flow from operating activities? 3. c. P 5,000 1. What is net cash flow from financing activities? a. P 15,000 b. P (15,000) What is the change in cash? a. P(3,000) b. P 3,000 a. P(3,000) b. P(1000) C. P 17,000 d. P (14,000) d. P 13,000 What is net cash flow from investing activities? 4. c. P 21,000 2. a. P 14,000 b. P (14.000) c. 2,000 d. P (2,000) d. P (16.000)

The following information is available for Ubbie's jewelry and Gift Store: Net income Depreciation expense Increase in deferred tax liabilities Decrease in cash Increase in marketable securities Decrease in accounts receivable, Increase in inventories P 5, 000 2, 500 500 3, 000 1, 000 2, 000 9,000 5,000 Decrease in accounts payable Increase in accrued liabilities Increase in property and equipment Increase in bonds payable Decrease in long-term notes payable 1, 000 14, 000 19, 000 4,000 Use the indirect method to answer following: What is net cash flow from operating activities? 3. c. P 5,000 1. What is net cash flow from financing activities? a. P 15,000 b. P (15,000) What is the change in cash? a. P(3,000) b. P 3,000 a. P(3,000) b. P(1000) C. P 17,000 d. P (14,000) d. P 13,000 What is net cash flow from investing activities? 4. c. P 21,000 2. a. P 14,000 b. P (14.000) c. 2,000 d. P (2,000) d. P (16.000)

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 7DQ

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