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Looking for answer with solutions for number 6-87. On December 31, 2019, the pre-closing trial balance of Agency GHI shows the following totals: Current Assets
Looking for answer with solutions for number 6-87. On December 31, 2019, the pre-closing trial balance of Agency GHI shows the following totals: Current Assets 500,000 Property, Plant and Equipment 800,000 Current Liabilities 200,000 Subsidy Income from NG 50,000 Expenses 40,000. Required: What is the Accumulated Surplus/ Deficit balance at December 31, 2019? 8. The following data were taken from the Statement of Cash Flows of Department JKL for the year ended December 31, 2019: Excess of income over expenses 500,000 Depreciation-Machinery and equipment 5,000 Increase in accounts payable 30,000, Increase in Due to to BIR 5,000, Increase in Due from NGA 55,000, Increase in Office Supplies inventory 25,000.Required: What is the Net Cash Provided by Operating Activities on December 31, 2019 ?
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