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Problem - Prepare the Statement of Cash Flow

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Problem - Prepare the Statement of Cash Flow

Increase (Decrease)

Cash 270,000

Short-term investment 200,000

Accounts receivable (20,000)

Inventory 100,000

Noncurrent investment (100,000)

Equipment 700,000

Accumulated depreciation - 50,000 increase

Accounts payable (5,000)

Dividends payable 160,000

Short-term notes, non-trade 300,000

Long-term debts 130,000

Ordinary share, P10 par 150,000

Share premium (APIC) 75,000

Accumulated profits 290,000

The following additional information relates to the same year:

a. Net income was P1,090,000.

b. Cash dividend declared was P800,000.

c. Equipment costing P600,000 and having a book value of P350,000 and accumulated depreciation of P250,000 was sold for P350,000.

d. A short-term investment with a cost of P50,000 was sold for P90,000.

e. Depreciation expenses amounted to P300,000.

Reference no: EM132995849

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