Following details pertains to Flatron producing flat models Television sets Selling and admin expenses-P188,000 Net sales-P720,000 Interest expense-P20,000 R &D exp-P85,000 Net cash provided by operating activities-P315,000 Income tax expense-P19,000 Cost of goods sold-P450,000 Find operating income for the period 2020.

Following details pertains to Flatron producing flat models Television sets Selling and admin expenses-P188,000 Net sales-P720,000 Interest expense-P20,000 R &D exp-P85,000 Net cash provided by operating activities-P315,000 Income tax expense-P19,000 Cost of goods sold-P450,000 Find operating income for the period 2020.

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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