BT21 Co. provided the following data: 2021 2020 Cash P 350,000 840,000 P150,000 Accounts Receivable, net Merchandise Inventory Prepaid Expenses Long Term Investment Property, Plant and Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Dividends Payable Notes Payable-Long Term debt Share Capital Retained Earnings Net Credit Sales 580,000 420,000 100,000 660,000 50,000 80,000 1,130,000 110,000 600,000 50,000 440,000 130,000 530,000 140,000 70,000 500,000 1,200,000 560,000 900,000 330,000 4,000,000 6,400,000 5,000,000 1,000,000 Cost of Goods Sold Expenses Net Income 3,200,000 520,000 280,000 400,000 All accounts receivable and accounts payable relate to trade merchandise. Accounts payable are recorded net and always paid to take all the discounts allowed. The allowance for doubtful accounts at the end of 2021 was the same as at the end of 2020. No receivables were charged against the allowance during 2021. The proceeds from the note payable were used to finance a new store building. Share capital was sold to provide additional working capital. What is the net cash provided by operating activities?
BT21 Co. provided the following data: 2021 2020 Cash P 350,000 840,000 P150,000 Accounts Receivable, net Merchandise Inventory Prepaid Expenses Long Term Investment Property, Plant and Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Dividends Payable Notes Payable-Long Term debt Share Capital Retained Earnings Net Credit Sales 580,000 420,000 100,000 660,000 50,000 80,000 1,130,000 110,000 600,000 50,000 440,000 130,000 530,000 140,000 70,000 500,000 1,200,000 560,000 900,000 330,000 4,000,000 6,400,000 5,000,000 1,000,000 Cost of Goods Sold Expenses Net Income 3,200,000 520,000 280,000 400,000 All accounts receivable and accounts payable relate to trade merchandise. Accounts payable are recorded net and always paid to take all the discounts allowed. The allowance for doubtful accounts at the end of 2021 was the same as at the end of 2020. No receivables were charged against the allowance during 2021. The proceeds from the note payable were used to finance a new store building. Share capital was sold to provide additional working capital. What is the net cash provided by operating activities?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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What is the net cash provided by operating activities?
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