Assignment on Statement of Cash Flows

If a company collects Php200,000 in cash from customers and pays Php120,000 to suppliers, Php40,000 to employees, Php5,000 in interest, and Php10,000 in taxes, what is the net cash provided by operating activities?

• Php200,000

• Php35,000

• Php25,000

• Php15,000

Wings Company reported net income of Php200,000 for the year. During the year, accounts receivable decreased by Php10,000, inventory increased by Php8,000, accounts payable increased by Php6,000, depreciation expense of Php10,000 was recorded, and land was purchased for Php150,000 in cash. Net cash provided by operating and investing activities for the year is?

• Php218,000

• Php68,000

• Php214,000

• Php202,000

FM Company had a net income of Php890,000. Depreciation expense is Php110,000. During the year, accounts receivable and inventory increased Php60,000 and Php160,000, respectively. Prepaid expenses and accounts payable decreased Php8,000 and Php16,000, respectively. How much cash was provided by operating activities?

• Php772,000

• Php784,000

• Php1,184,000

• Php1,196,000

GC Corporation's financial statements contain the following information: Prepaid Insurance, beginning: Php10,000 Insurance expense for the year: Php20,000 Prepaid Insurance, ending: Php8,000 What is the amount of cash paid for insurance during the year using the direct method?

• A. Php13,000

• B. Php17,000

• C. Php18,000

• D. Php23,000

Yes Company's income statement for the year ended December 31, 2023, reported net income of Php360,000. The financial statements also disclosed the following information: Amortization Php20,000 Depreciation 60,000 Increase in accounts receivable 140,000 Increase in inventory 48,000 Increase in accounts payable 76,000 Dividends paid 120,000 Purchase of equipment 150,000 Decrease in salaries payable 28,000 Increase in long-term note payable 300,000 Net cash provided by operating activities for 2023 should be reported as

• Php84,000.

• Php204,000.

• Php234,000.

• Php300,000.

The following information is available from the financial statements of BINI Corporation for the year ended December 31, 2023: Net income Php396,000 Depreciation expense 102,000 Decrease in accounts receivable 126,000 Increase in inventories 90,000 Decrease in accounts payable 24,000 Payment of dividends 54,000 Purchase of available-for-sale securities 22,000 Increase in income taxes payable 16,000 What is BINI Corporation's net cash flow from operating activities?

• Php440,000

• Php466,000

• Php526,000

• Php542,000

DEF Corp. received PHP 250,000 from its customers and paid PHP 100,000 for salaries and PHP 60,000 for rent. How much is recorded under "Cash Received from Customers"?

• A) PHP 250,000

• B PHP 160,000

• C) PHP 200,000

• D) PHP 100,000