Operating Activities Indirect Method

2) Mimzee Corporation had net income for 2020 of P3,000,000. Additional information is as follows:

Depreciation of plant assets 1,200,000

Amortization of intangibles 240,000

Increase in accounts receivable 420,000

Increase in accounts payable 540,000

Mimzees net cash provided by operating activities for 2020 was

A. 4,560,000

B. 4,440,000

C. 4,320,000

D. 1,680,000