1. Write the Ratio/ Equation to be used, IF REQUIRED 2. Substitute the given 3. Solution (Solve for the ask) 4. Label your answer and solution properly (Peso sign, write "days" "times or x", %) 4. Double rule your answer The following pieces of information are available from the current period financial statements: Net income P 150,000 Amortization expense P 28,000 Increase in supplies P 16,000 Decrease in notes payable P 21,000 The net cash flow from operating activities using the indirect method is

1. Write the Ratio/ Equation to be used, IF REQUIRED 2. Substitute the given 3. Solution (Solve for the ask) 4. Label your answer and solution properly (Peso sign, write "days" "times or x", %) 4. Double rule your answer The following pieces of information are available from the current period financial statements: Net income P 150,000 Amortization expense P 28,000 Increase in supplies P 16,000 Decrease in notes payable P 21,000 The net cash flow from operating activities using the indirect method is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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