Reference no: EM132902253

ABC Corporation has the following information for computation of cash flows:

Net income before tax-P170,000

Income taxes paid-P20,000

Depreciation expense-P10,000

Decrease in Receivable-P30,000

Purchased Additional Inventories-P75,000

Decrease in Payables -P25,000

Sold Equipment (no gain/no loss)-P100,000

Retirement of Bonds Payable-P100,000

Purchased Treasury Shares-P150,000.

Problem 1: Based on the above information, what amount will the ABC Corporation's Net Cash Provided (Used) by Operating Activities on the cash flow statement?

a. (P100,000)
b. P125,000
c. (P140,000)
d. P90,000