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Compute for: a. Cash collected from customers b. Cash paid to suppliers c. Cash paid for interest d. Cash paid for income taxes e. Cash
Compute for:
a. Cash collected from customers
b. Cash paid to suppliers
c. Cash paid for interest
d. Cash paid for income taxes
e. Cash paid for selling expenses
Sea COMPANY uses the direct method to prepare its statement of cash flows. Sea's trial balances 1. Sea purchased P45,000 in equipment during 2022. 2. One-half of Sea's depreciation expense is allocated to selling expenses and the remainder to general and administrative expenses. 3. Bad debt expense for 2022 was P20,000. During the year, uncollectible accounts totaling P16,000 were written off. The company reports bad debts as selling expenseStep by Step Solution
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