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Business
Accounting
operating activities

operating activities

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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a. What is the net cash provided by operating activities?
b. What is the net cash used in investing activities?

Bamboo Company reported the following statement of financial position at year-end: 2020 2019 Cash 2,750,000 2,000,000 Accounts receivable 7,000,000 4,600,000 Investments, at cost 1,000,000 1,750,000 Plant 9,000,000 6,500,000 Accumulated depreciation Accounts payable Share capital Retained earnings (2,250,000) (3,000,000) 4,750,000 3,750,000 7,500,000 5,000,000 4,500,000 3,850,000 An investment was sold for P1,250,000 during the year. There was no disposal of plant during the year. The net income for the year was P3,000,000, after income tax expense of P1,200,000. A dividend of P2,350,000 was paid on December 31, 2020.
Transcribed Image Text:Bamboo Company reported the following statement of financial position at year-end: 2020 2019 Cash 2,750,000 2,000,000 Accounts receivable 7,000,000 4,600,000 Investments, at cost 1,000,000 1,750,000 Plant 9,000,000 6,500,000 Accumulated depreciation Accounts payable Share capital Retained earnings (2,250,000) (3,000,000) 4,750,000 3,750,000 7,500,000 5,000,000 4,500,000 3,850,000 An investment was sold for P1,250,000 during the year. There was no disposal of plant during the year. The net income for the year was P3,000,000, after income tax expense of P1,200,000. A dividend of P2,350,000 was paid on December 31, 2020.
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