The following information is available about the transactions of UBF Company for the year ended December 31, 2021: Depreciation P 880,000 Cash paid for expenses 2,270,000 Increase in inventories 370,000 Cash paid to employees 2,820,000 Decrease in receivables 280,000 Cash paid to suppliers 4,940,000 Decrease in payables 390,000 Cash received from customers 12,800,000 Net profit before taxation 2,370,000 UBF Company has no interest payable or investment income. What is the amount of net cash flows from operating activities using the indirect approach?

The following information is available about the transactions of UBF Company for the year ended December 31, 2021: Depreciation P 880,000 Cash paid for expenses 2,270,000 Increase in inventories 370,000 Cash paid to employees 2,820,000 Decrease in receivables 280,000 Cash paid to suppliers 4,940,000 Decrease in payables 390,000 Cash received from customers 12,800,000 Net profit before taxation 2,370,000 UBF Company has no interest payable or investment income. What is the amount of net cash flows from operating activities using the indirect approach?

Name: The following information is available about the transactions of UBF
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Description: The following information is available about the transactions of UBF Company for the year ended December 31, 2021:DepreciationP 880,000Cash paid for expenses2,270,000Increase in inventories370,000Cash paid to employees2,820,000Decrease in receivable

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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