Under the indirect method, how much should be reported as cash flows from operating activities? a. P 780,000 b. P 550,000 c. P 600,000 d. P 750,000
Under the indirect method, how much should be reported as cash flows from operating activities? a. P 780,000 b. P 550,000 c. P 600,000 d. P 750,000
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
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...
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Under the indirect method, how much should be reported as cash flows from operating activities?
a. P 780,000
b. P 550,000
c. P 600,000
d. P 750,000
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