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What net amount of adjustments is required to reconcile

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An entity reported net income of P5,000,000 for the current year. Depreciation expense was P1,900,000. The following working capital accounts changed:

Accounts receivable                              1,100,000 increase

Nontrading equity investment                 1,600,000 increase

Inventory                                           730,000 increase

Nontrade note payable                           1,500,000 increase

Accounts payable                                    1,220,000 increase

Question 1: Under the indirect method, what net amount of adjustments is required to reconcile net income to net cash provided by operating activities?

Reference no: EM132523293

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