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Levi had following information on is books: 2019 2020 1,000,000 50,000 Accounts Receivable Accounts Payable Prepaid Rent Loans Receivable 500,000 350,000 200,000 500.000 475,000 250,000
Levi had following information on is books: 2019 2020 1,000,000 50,000 Accounts Receivable Accounts Payable Prepaid Rent Loans Receivable 500,000 350,000 200,000 500.000 475,000 250,000 Loans Payable 150,000 0 Depreciation Expense 100.000 100.000 Net income for 2020 was P7,000,000. Levi (owner) invested P500,000 worth of inventories to the company, and withdrew P150,000 cash. Levi purchased P2,000,000 worth of land. He paid 50% as a down payment, and the other 50% will be payable on December 31, 2021. 1.) How much is the net cash effect relating to Levi's operating activities? 2.) How much is the net cash effect relating to Levi's investing activities? 3.) How much is the net cash effect relating to Levi's financing activities? 41) How much is the total net cash effect
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