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with solutions please Defense Company provided the following data for the preparation of statement of cash flows for the current year using the direct method:
with solutions please
Defense Company provided the following data for the preparation of statement of cash flows for the current year using the direct method: P Cash balance, beginning 1,500,000 Cash paid to purchase inventory 7,800,000 Cash received from sale of trading securities 2,500,000 Cash paid for interest 450,000 Cash paid to repay a loan 1,000,000 Cash collected from customers 10,000,000 Cash received from issuance of ordinary shares 1,200,000 Cash paid for dividend 780,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000 What is the net cash flow from operating activities? What is the net cash flow from operating activities? O P1,900,000 O P400,000 O P2,900,000 P2,350,000 Step by Step Solution
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