Reference no: EM132818362
Athena Comapny reorted net income of P5,000,000 and provided the following information for the current year:
Amortization of patent P 45,000
Depreciation on plant assets 1,650,000
Long-term debt:
Bond discount amortization 65,000
Interest paid 900,000
Income tax:
Income tax expense 300,000
Increase in deferred tax liability 25,000
Purchased of additional financial asset at FVPL 1,000,000
Unrealized loss on financial asset hel for trading 100,000
Unrealized loss on financial asset at FVOCI 400,000
Reqquired:
Question 1: Compute the interest expense for the current year
Question 2: Compute the income tax paid for the current year
Question 3: Compute the net cash provided by operating activitiy
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