Solution-What amount should be reported as net cash

What amount should be reported as net cash

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Reference no: EM132847491

Problem - Jared Company reported net income of P3,400,000, depreciation of P1,000,000 and loss on sale of equipment of P100,000; and the following balances:

	Dec 31, 2021	Dec 31, 2020
Accounts payable	500,000	700,000
Inventory	300,000	450,000
Accounts receivable	800,000	750,000

Required - What amount should be reported as net cash provided by operating activities?

A. 4,500,000

B. 4,400,000

C. 4,600,000

D. 4,300,000

Reference no: EM132847491

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What amount should be reported as net cash

Reference no: EM132847491

Reference no: EM132847491

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