Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I. Statement of Cash Flow. Compute for operating, investing, financing activities, and statement preparation using the direct approach. (100 points) Mariposa Sari-Sari Store had the

image text in transcribed

I. Statement of Cash Flow. Compute for operating, investing, financing activities, and statement preparation using the direct approach. (100 points) Mariposa Sari-Sari Store had the following transactions for the quarter ending June 30, 2021 Purchase of goods and paid cash P600.000 Sale of goods and received cash 350.000 Sold equipment for cash 200.000 Paid rent 20.000 Owner withdraws investment 25,000 Purchase equipment for cash 300,000 Paid utilities 10.000 Sale of goods on account 150.000 Additional investment of the owner 450,000 Purchase of goods on credit 500.000 . . . Cash, April 1, 2021 - P650,000 1. Compute for the net cash flow generated/used in operating activities. 2. Compute for the net cash flow generated/used in investing activities. 3. Compute for the net cash flow generated/used in financing activities. 4. Prepare a Cash Flow Statement

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

Currency Internationalization Global Experiences And Implications For The Renminbi

Authors: Wensheng Peng, Chang Shu

2nd Edition

0230580491, 9780230580497

More Books

Students also viewed these Accounting questions

Question

What are our strategic aims?pg 87

Answered: 1 week ago