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The following information relates to Jallorina Corporation for the year ended June 30, 2022. Sales revenue 450,000 Opening balance of trade receivables (net of allowance) 100,000 Closing balance of trade receivable (net of allowance) 132,500 Doubtful debt expense 5,000 Increase in allowance for doubtful debts 2,000 Bad debts are written off against the allowance for doubtful debts. What is the amount of cash collected from the customers during the year ended June 30, 2022? Answer: Alexis Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2020, Alexis Company reports the following activity: Sales on account 1,300,000 Cash sales 740,000 Decrease in accounts receivable 610,000 Increase in accounts payable 72,000 Increase in inventory 48,000 Cost of goods sold 975,000 What is the amount of cash payments to suppliers reported by Alexis Company for the year ended December 31, 2020? Answer:Nobita Corporation has two business segments, Segment A and Segment B. Segment A's business operation is continuing. Segment B met the criteria to be classified as "held for sale". The board of directors was able to dispose this segment (B) on September 1, 2021. Net proceeds from the sale were P20,000,000; while the segments' carrying amount on September 1, 2021 was P18,000,000. The following pertains to the results of the operations of Segment A & B during 2021: Segment A Segment B January 1 - December 31, 2021 January 1 - December 31, 2021 Revenue 25,000,000 2,000,000 Selling and general expenses 15,000,000 15,000,000 Income tax 35% How much shall be presented as Discontinued operations on the face of the income statement? Answer: How much shall be presented as profit/loss on the face of the income statement