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one - whole sheet of papel one - whole sheet of papel Presented below is the income statement of Kalbigan, incorporated at the end of

one-whole sheet of papel one-whole sheet of papel
Presented below is the income statement of Kalbigan, incorporated
at the end of the 2023:
In addition, the following information related to net changes in working
capital is presented:
The company also indicates that depreciation expense for the year was
P16,700 and that the deferred iax liability accoumi increased P2,600.
Requirements: Prepare a schedule computing the net cash flow from
operating activities that would be shown on a statement of cash flows:
(a) using the indirchi method
(b) using the direct method.
The balance sheets for Kapatid Company showed the following
information. Additional information concerning transactions and events
during 2023 are presented below.
Cash
-Accounts receivable
Inventory
Long-term Investments
Properiy, Fiani, a Equipmer
Accumulated depreciation
Kapatid Company
Balance Sheet
December 31
Additional data:
Net income for the year 2023, P76,000.
Depreciation on plant assets for the year, P12,700/
Soid the iong-ierm investments for P23,000
Paid dividends of P35,000
Purchased machinery costing P26,500 paid cash -
Purchased machinery & gave P60,000 long-term note payable.
Paid a P40,000 long-term note payable by issuing common stock
Requirement: Prepare a Statement of Cash Flows (using the indirect
methodi) for 2023 ior Kapatia Company.
Presented below is the income statement of Kalbigan, incorporated
at the end of the 2023:
In addition, the following information related to net changes in working
capital is presented:
The company also indicates that depreciation expense for the year was
P16,700 and that the deferred iax liability accoumi increased P2,600.
Requirements: Prepare a schedule computing the net cash flow from
operating activities that would be shown on a statement of cash flows:
(a) using the indirchi method
(b) using the direct method.
The balance sheets for Kapatid Company showed the following
information. Additional information concerning transactions and events
during 2023 are presented below.
Cash
-Accounts receivable
Inventory
Long-term Investments
Properiy, Fiani, a Equipmer
Accumulated depreciation
Kapatid Company
Balance Sheet
December 31
Additional data:
Net income for the year 2023, P76,000.
Depreciation on plant assets for the year, P12,700/
Soid the iong-ierm investments for P23,000
Paid dividends of P35,000
Purchased machinery costing P26,500 paid cash -
Purchased machinery & gave P60,000 long-term note payable.
Paid a P40,000 long-term note payable by issuing common stock
Requirement: Prepare a Statement of Cash Flows (using the indirect
methodi) for 2023 ior Kapatia Company.
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