In its 2021 statement of cash flows, how much should be reported as net cash provided (used) by operating activities?( IF cash INFLOW, leave the numerical figure as positive, if cash OUTFLOW, put a negative sign (-) before the numerical figure) ORANGE Corporation reported net income of P 3,000,000 for 2021. Changes occurred in several balance sheetaccounts during 2021 as follows: Investment in associate, carried at equity - P 400,000 increase; Premium onbonds payable - P 50,000 decrease; Accumulated depreciation caused by major repair of equipment - P 200,000decrease; Deferred tax liability - P 150,000 increase. In its 2021 statement of cash flows, how much should bereported as net cash provided (used) by operating activities?

Cash flow statement refers to a financial statement which shows the flows of cash and cash…

Answered: In its 2021 statement of cash flows,…

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In its 2021 statement of cash flows, how much should be reported as net cash provided (used) by operating activities?

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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