11. ABM company purchased 800,000 in supplies this year. Supplies account increased by ₱200,000 during the year. ₱160,000 remained at year-end. What was supplies expense for ABM company during the year?    A. ₱300,000   B. ₱760,000 C. ₱200,000 D. ₱840,000

Gretchen’s  sales,  current  assets  and  current  liabilities  (all  in thousands of pesos) have been reported as follows over the last four years (Year 4 is the most recent year):                                              Year 4    Year 3    Year 2    Year 1 Sales                                 P5,400    P4,950    P4,725     P4,500 Current assets                     1,448      1,332      1,368       1,280 Current liabilities                   318         324         330          300   Express all of the assets, liabilities and sales data in trend percentages (show percentages in each item). Use year 1 as the base year and carry computations to one decimal place.

Problem 13-15 (AICPA Adapted) On April 30, 2020, a fire damaged the office of Waterloo Company. The following balances were gathered from the general ledger on March 31, 2020: Accounts receivable Inventory - January 1 Accounts payable Sales Purchases 920,000 1,880,000 950,000 3,600,000 1,680,000 An examination of the April bank statement and canceled checks revealed checks written during the period April 1-30; 240,000 80,000 160,000 Accounts payable as of March 31 April merchandise shipments Еxрenses Deposits during the same period amounted to P440,000 which consisted of collections from customers with the exception of P20,000 refund from a vendor for merchandise returned in April. Customers acknowledged indebtedness of P1,040,000 at April 30. Customers owed another P60,000 that will never be recovered. Of the acknowledged indebtedness, P40,000 may prove uncollectible. Correspondence with suppliers revealed unrecorded obligations at April 30 of P340,000 for April merchandise shipment,…

The net income reported on the income statement for the current year was $132,100. Depreciation recorded on store equipment for the year amounted to $21,800. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:   Endof Year Beginningof Year Cash $51,250   $46,640   Accounts receivable (net) 36,750   34,470   Merchandise inventory 50,170   52,470   Prepaid expenses 5,640   4,430   Accounts payable (merchandise creditors) 48,020   44,120   Wages payable 26,240   28,820     a.  Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. blankStatement of Cash Flows (partial)blank Cash flows from operating activities:       $- Select -   Adjustments to reconcile net income to net cash flows from (used for) operating…