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What is the net cash flow from operating activities

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Reference no: EM132683989

Combate Company provided the following relevant information involving its operating activities for the year ended December 31, 2020

                                                      12/31/2019      12/31/2020

Accrued interest payable recognized P40,000        P50,000

Depreciation expense recognized 72,800                   75,600

Prepaid expenses recognized 3,100                           4,940

For the year ended December 31, 2020, Combate Company reported a net income after tax of P648,000.

Problem 1: What is the net cash flow from operating activities that would be shown in its cash flow statement?

a. P731,760

b. P735,440

c. P637,080

d. P637,040

Reference no: EM132683989

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