Reference no: EM132771754
The following data were taken from the Statement of Cash Flows of Department JKL for the year ended December 31, 2019:
Excess of income over expenses 500,000,
Depreciation-Machinery and equipment P5,000,
Increase in accounts payable P30,000,
Increase in Due to BIR P5,000,
Increase in Due from NGA P55,000,
Increase in Office Supplies inventory 25,000.
Required:
Question 1: What is the Net Cash Provided by Operating Activities on December 31, 2019?
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