Zhu Wen has reported net income of P190,000 for 2017. It also reported depreciation expense of P50,000 and a loss of P6,000 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of 11,600 for the year, a 13,600 Increase in accounts payable. Use indirect method. Prepare the operating activities section.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Zhu Wen has reported net income of P190,000 for 2017.
It also reported depreciation expense of P50,000 and a loss of P6,000 on the disposal of plant
assets. The comparative balance sheet shows a decrease in accounts receivable of 11,600 for the
year, a 13,600 Increase in accounts payable. Use indirect method. Prepare the operating activities
section.
Transcribed Image Text:Zhu Wen has reported net income of P190,000 for 2017. It also reported depreciation expense of P50,000 and a loss of P6,000 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of 11,600 for the year, a 13,600 Increase in accounts payable. Use indirect method. Prepare the operating activities section.
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