Parakaon Company has provided the following 2021 current account balances for the preparation of the annual statement of cash flows: January 1 December 31 Accounts Receivable 17,250 21,750 Allowance for uncollectible accounts 600 750 Prepaid rent expense 9,300 6,150 Accounts Payable 14,550 16,800 Parakaon's 2021 net income is P112,500. Net cash provided by operating activities is X 109,050 110,250 111,450 113,550

Parakaon Company has provided the following 2021 current account balances for the preparation of the annual statement of cash flows: January 1 December 31 Accounts Receivable 17,250 21,750 Allowance for uncollectible accounts 600 750 Prepaid rent expense 9,300 6,150 Accounts Payable 14,550 16,800 Parakaon's 2021 net income is P112,500. Net cash provided by operating activities is X 109,050 110,250 111,450 113,550

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 55PSB: Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance...

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