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What is net cash flow from operations that be reported

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The following selected information is provided by Almiro Company. All sales are credit sales and all receivables are trade receivables.

Accounts Receivable, Jan. 1, net of allowance of P240,000 2,880,000
Accounts Receivable, Dec. 31, net of allowance of P720,000 3,840,000
Sales for the year 19,200,000
Uncollectible accounts written off during the year 168,000
Recovery of accounts written off 48,000
Bad debt expense for the year 600,000
Cash expenses for the year 12,600,000
Net income for the year 6,000,000

Problem 1: What is the net cash flow from operations that should be reported in the statement of cash flows?

Reference no: EM132823412

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