Cas Inc., corporation, has the following pertinent information happened during the year P 1,980,000 510,000 100,000 630,000 450,000 120,000 270,000 110,000 80,000 1,000,000 150,000 Net income Depreciation expense Amortization Decrease in accounts receivable Increase inventory Increase in accounts payable Payment of dividends Purchase of available for sale securities Decrease in income tax payable Increase in long-term note payable Decrease in short-term borrowings
Cas Inc., corporation, has the following pertinent information happened during the year P 1,980,000 510,000 100,000 630,000 450,000 120,000 270,000 110,000 80,000 1,000,000 150,000 Net income Depreciation expense Amortization Decrease in accounts receivable Increase inventory Increase in accounts payable Payment of dividends Purchase of available for sale securities Decrease in income tax payable Increase in long-term note payable Decrease in short-term borrowings
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1. Determine the net cash provided in operating activities
a. P 2,810,000
b. P 2,660,000
c. P 2,580,000
d. Cannot be determined from the given data
2. Determine the ending cash balance for the year
a. P 3,430,000
b. P 3,280,000
c. P 3,000,000
d. Cannot be determined from the given data
Transcribed Image Text:Cas Inc., corporation, has the following pertinent information happened during the year
P 1,980,000
510,000
100,000
630,000
450,000
120,000
270,000
110,000
80,000
1,000,000
150,000
Net income
Depreciation expense
Amortization
Decrease in accounts receivable
Increase inventory
Increase in accounts payable
Payment of dividends
Purchase of available for sale securities
Decrease in income tax payable
Increase in long-term note payable
Decrease in short-term borrowings
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