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Compute for the: a. net cash flow from operating activities b. net increase (decrease in cash)

Compute for the: a. net cash flow from operating activities b. net increase (decrease in cash)

FINANCIAL ACCOUNTING
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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Compute for the:

a. net cash flow from operating activities

b. net increase (decrease in cash)

Items 9-12 are based on the following data: The following information is available for Bubble Guppy's Jewelry and Gift Store: P5,000- Net income Depreciation expense +2,500 Increase in deferred tax liabilities 500 Decrease in cash - 3,000 Increase in marketable securities -1,000 Decrease in accounts receivable +2,000 Increase in inventories -9,000 -5,000/ +1,000 14,000 Decrease in accounts payable Increase in accrued liabilities Increase in property and equipment Increase in short-term notes payable Decrease in long-term notes payable Use the indirect method to answer the questions. 19,000 4,000 9. What is net cash flow from operating activities? а. Р(3,000) b. P(1,000) с. Р5,000 d. P13,000 Answer: Please present your solution below:
Transcribed Image Text:Items 9-12 are based on the following data: The following information is available for Bubble Guppy's Jewelry and Gift Store: P5,000- Net income Depreciation expense +2,500 Increase in deferred tax liabilities 500 Decrease in cash - 3,000 Increase in marketable securities -1,000 Decrease in accounts receivable +2,000 Increase in inventories -9,000 -5,000/ +1,000 14,000 Decrease in accounts payable Increase in accrued liabilities Increase in property and equipment Increase in short-term notes payable Decrease in long-term notes payable Use the indirect method to answer the questions. 19,000 4,000 9. What is net cash flow from operating activities? а. Р(3,000) b. P(1,000) с. Р5,000 d. P13,000 Answer: Please present your solution below:
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