Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. What will be the net cash flow from operating activities based on the following information? (include negative sign if outflow) Issue of shares 500,000

1. What will be the net cash flow from operating activities based on the following information? (include negative sign if outflow) Issue of shares 500,000 Repayment of debentures Sale of goods on credit 300,000 1,200,000 Sale of goods on cash 300,000 Cash purchases 800,000 Additional term loan 200,000 Purchase of additional plant 600,000 Bad debts written off 20,000 Receivable January 1 500,000 Receivables - December 31 600,000 2. What is the net cash flow from operating activities? Accounts receivable - January 1, net of allowance of P100,000 1,200,000 Accounts receivable - December 31, net of allowance of P300,000 1,600,000 Sales of the year 8,000,000 Bad debt expense for the year 250,000 Cash expenses for the year 5,250,000image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting A Focus on Ethical Decision Making

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

5th edition

324663854, 978-0324663853

Students also viewed these Accounting questions