What amount should be reported as net cash provided by operating 1p activities? Kollar Corporation reported net income of P6,500,000 for the current year. Changes in certain accounts during the current year are: Investment in Gold shares carried on the equity basis Accumulated depreciaiton, cause by major repair to equipment Unearned interest income 380,000 increase 210,000 decrease 50,000 decrease Premium on bonds payable Deferred tax liability 120,000 decrease 180,000 increase

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
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What amount should be reported as net cash provided by operating
1 po
activities?
Kollar Corporation reported net income of P6,500,000 for the
current year. Changes in certain accounts during the current year
are:
Investment in Gold shares carried on the equity basis
Accumulated depreciaiton, cause by major repair to equipment
Unearned interest income
Premium on bonds payable
380,000 increase
210,000 decrease
50,000 decrease
120,000 decrease
Deferred tax liability
180,000 increase
Your answer
Transcribed Image Text:What amount should be reported as net cash provided by operating 1 po activities? Kollar Corporation reported net income of P6,500,000 for the current year. Changes in certain accounts during the current year are: Investment in Gold shares carried on the equity basis Accumulated depreciaiton, cause by major repair to equipment Unearned interest income Premium on bonds payable 380,000 increase 210,000 decrease 50,000 decrease 120,000 decrease Deferred tax liability 180,000 increase Your answer
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