CPA REVIEW SCHOOL OF THE PHILIPPINES

Manila

FINANCLAL ACCOUNTING AND REPORTING VALIX$/$SIY$/$VALIX$/$ESCALA$/$SANTOS$/$DELA CRUZ

SELF TEST

An entity used the direct method to prepare the statement of cash flows. The entity had the following cash flows during the current year:

$\backslash$table$[[$Cash receipts from issuance of ordinary shares,$4,000,000$