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During 2021, Cavite Coffee had profit of P8,200,000. Included on its income statement was depreciation expense of P460,000 and amortization expense of P60,000. During the
During 2021, Cavite Coffee had profit of P8,200,000. Included on its income statement was depreciation expense of P460,000 and amortization expense of P60,000. During the year, Accounts Receivable increased by P680,000; Inventories decreased by P380,000; Prepaid Expenses decreased by P40,000; Accounts Payable increased by P1,000,000, and Accrued Liabilities decreased by P90,000. Required: Determine net cash flows from operating activities using the Indirect method
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