Kollar Corporation reported current year. Changes in certain accounts during the current year are: Investment in Gold shares carried on the equity basis 380,000 increase Accumulated depreciaiton, cause by major repair to equipment 210,000 decrease Unearned interest income 50,000 decrease Premium on bonds payable 120,000 decrease Deferred tax liability 180,000 increase
Kollar Corporation reported current year. Changes in certain accounts during the current year are: Investment in Gold shares carried on the equity basis 380,000 increase Accumulated depreciaiton, cause by major repair to equipment 210,000 decrease Unearned interest income 50,000 decrease Premium on bonds payable 120,000 decrease Deferred tax liability 180,000 increase
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
What amount should be reported as net cash provided by operating activities?
![Kollar Corporation reported net income of P6,500,000 for the
current year. Changes in certain accounts during the current year
are:
Investment in Gold shares carried on the equity basis
Accumulated depreciaiton, cause by major repair to equipment
380,000 increase
210,000 decrease
Unearned interest income
50,000 decrease
Premium on bonds payable
120,000 decrease
Deferred tax liability
180,000 increase](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd85a5c4b-1217-4221-a3ea-4c3bf912014d%2F50d1ce34-5d3b-44ed-84f7-fafd2c922d9b%2Fjfltgs_processed.png&w=3840&q=75)
Transcribed Image Text:Kollar Corporation reported net income of P6,500,000 for the
current year. Changes in certain accounts during the current year
are:
Investment in Gold shares carried on the equity basis
Accumulated depreciaiton, cause by major repair to equipment
380,000 increase
210,000 decrease
Unearned interest income
50,000 decrease
Premium on bonds payable
120,000 decrease
Deferred tax liability
180,000 increase
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