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2016 Problem 16-3 (IAA) Creek Company reported net loss of P1,000,000 for 2016. The entity provided the following comparative balances: 2016 Trading securities 500,000 Accounts
2016 Problem 16-3 (IAA) Creek Company reported net loss of P1,000,000 for 2016. The entity provided the following comparative balances: 2016 Trading securities 500,000 Accounts receivable 1.200,000 Notes receivable - trade 500,000 Inventory 3,000,000 Prepaid expenses 150,000 Accounts payable 850,000 Accrued expenses 100,000 Equipment 4,000,000 Accumulated depreciation 2,800,000 The trading securities were acquired for cash on December 31, 2016. 1,600,000 400,000 3,900,000 350.000 600,000 400,000 4,000,000 2,000,000 Required: Calculate the cash flow from operating activities for 2016
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