What is the net cash provided by operating activities on dec

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The following data were taken from the Statement of Cash Flows of Department ABC for the year ended December 31, 2019:

Excess of income over expenses 500,000,

Depreciation-Machinery and equipment P5,000,

Increase in accounts payable P30,000,

Increase in Due to BIR P5,000,

Increase in Due from NGA P55,000,

Increase in Office Supplies inventory 25,000.

Problem 1: What is the Net Cash Provided by Operating Activities on December 31, 2019?

Reference no: EM132737673

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