MYWorld Corporation is preparing its statement of cash flows and has provided this information: Net income P400,000
Question:
MYWorld Corporation is preparing its statement of cash flows and has provided this information:
Net income
P400,000
Depreciation on property, plant and equipment
200,000
Loss on sale of building
100,000
Interest expense
150,000
Interest payable, beginning of the year
100,000
Interest payable, end of the year
50,000
Accounts receivable, beginning of the year
500,000
Accounts receivable, end of the year
850,000
Inventory, beginning of the year
500,000
Inventory, end of the year
400,000
Accounts payable, beginning of the year
200,000
Accounts payable, end of the year
500,000
what is the net cash provided by operating activities?
Auditing Cases An Active Learning Approach
ISBN: 9781266566899
2nd Edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt