BenHua Corp.'s net income last year was P56,000. The company paid a cash dividend of P31,000 and did not sell or retire any property and equipment last year. Changes in the selected statement of financial position accounts for the years as follows: Decrease in Accounts Receivable P8,000 Decrease in Inventory 6,000 Increase in Prepaid Expenses 12,000 Increase in Accumulated Depreciation 23,000 Decrease in Accounts Payable 10,000 Increase in Accrued Liabilties 7,000 Increase in Income tax payable 5,000 Increase in Bonds Payable 40,000 Based solely on the above information, what is the net cash provided by the operating activities for the year in the statement of cash flows?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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BenHua Corp.'s net income last year was P56,000. The company paid a cash dividend of P31,000 and did not sell or retire any property and equipment last year. Changes in the selected statement of financial position accounts for the years as follows:

Decrease in Accounts Receivable P8,000
Decrease in Inventory 6,000
Increase in Prepaid Expenses 12,000
Increase in Accumulated Depreciation 23,000
Decrease in Accounts Payable 10,000
Increase in Accrued Liabilties 7,000
Increase in Income tax payable 5,000
Increase in Bonds Payable 40,000

Based solely on the above information, what is the net cash provided by the operating activities for the year in the statement of cash flows?

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