Question
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
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
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
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Collaborative Auditing
Authors: James Pelletier, Yuki Matsuura
2nd Edition
0894139606, 9780894139604
