FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Kensington Company, an SME, reported net income of P500,000 in 2021. Gain on sale of equipment was P90,000. The following working capital accounts changes:

 

Accounts Receivables P110,000 increase
Trading equity instrument 160,000 decrease
Inventory 73,000 increase
Non-Trade note payable 150,000 increase
Accounts payable 122,000 increase


Under the indirect method, what is the net cash provided by operating activities?

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