Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. An SME provided the following information in relation to the preparation of a statement of cash flows for the current year: 3,800,000 10,000 790,000

image text in transcribed

5. An SME provided the following information in relation to the preparation of a statement of cash flows for the current year: 3,800,000 10,000 790,000 2,700,000 300,000 20,000 600,000 100,000 90,000 Net income for the year Noncash finance cost, finance cost paid P250,000 Noncash income tax expense income taxes paid P1,900,000 Depreciation of property, plant and equipment Impaiment loss Amortization intangible asset Gain on sale of equipment Increase in trade and other receivables Decrease in inventories Increase in trade payables including unrealized foreign exchange loss of P10,000 charged to other expenses Increase in current and long ter benefit payable Proceeds from sale of equipment Purchase of equipment for cash Payment of finance lease liability Repayment of borrowings Dividends paid Issuance of share capital for cash Purchase of treasun shares for cash 110,000 30,000 1,000,000 4,850,000 200,000 1,000,000 1,500,000 2,000,000 500,000 1. What is the net cash provided by operating activities? 2 7,150,000 b. 6,350,000 c. 7,140,000 d. 5,650,000 2. What is the net cash used in investing activities? 4,850,000 b. 3,850,000 c. 5,850,000 d. 1,000,000 3. What is the net cash used in financing activities? 3,200,000 b. 1,200,000 c. 1,700,000 d. 2,700,000

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

Philosophy Of Auditing

Authors: Robert K. Mautz

19th Edition

0865390029, 978-0865390027

More Books

Students also viewed these Accounting questions