Question
Single Company provided the following comparative statement of financial position at year-end: 2018 2019 Cash 400,000 1,600,000 Accounts receivable 950,000 1,400,000 Investment, at cost 350,000
Single Company provided the following comparative statement of financial position at year-end:
| 2018 | 2019 | |
| Cash | 400,000 | 1,600,000 |
| Accounts receivable | 950,000 | 1,400,000 |
| Investment, at cost | 350,000 | 200,000 |
| Property, plant and equipment | 1,500,000 | 2,000,000 |
| Accumulated depreciation | -650,000 | -800,000 |
| Accounts payable | 800,000 | 1,000,000 |
| Share capital | 1,000,000 | 2,500,000 |
| Retained earnings | 850,000 | 950,000 |
Investment was sold for P250,000 during the year. There was no disposal of property, plant and equipment during the year. Net income was P700,000 while dividend paid on December 31, 2018 was P500,000.
REQUIRED (Ignore positive or negative signs):
- 1 Net cash provided by operating activities?
- 2 Net cash used in investing activities?
- 3 Net cash provided by financing activities?
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Cash from Operating Activities Net Income 700000 Adjustments Add ...
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
