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A summary of cash flows for Conching Printing for the year ended May 31, 2020, is shown below.   Cash receipts:                           Cash received from fees earned        P 1,500,000.00                           Additional investment of owner               75,000.00 Cash payments:                        Cash paid for expenses                           1,215,000.00                        Cash paid for equipment                           240,000.00                         Cash paid to owner for personal use        66,000.00                            Determine the net cash flows from operating activities.

A summary of cash flows for Conching Printing for the year ended May 31, 2020, is shown below.   Cash receipts:                           Cash received from fees earned        P 1,500,000.00                           Additional investment of owner               75,000.00 Cash payments:                        Cash paid for expenses                           1,215,000.00                        Cash paid for equipment                           240,000.00                         Cash paid to owner for personal use        66,000.00                            Determine the net cash flows from operating activities.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12A: The Statement Of Cash Flows
Section: Chapter Questions
Problem 2P: The financial statements for Romeo and Company follow. Assume that the additional investment and the...
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A summary of cash flows for Conching Printing for the year ended May 31, 2020, is shown below.

 

Cash receipts:

                          Cash received from fees earned        P 1,500,000.00

                          Additional investment of owner               75,000.00

Cash payments:

                       Cash paid for expenses                           1,215,000.00

                       Cash paid for equipment                           240,000.00

                        Cash paid to owner for personal use        66,000.00

         

                 Determine the net cash flows from operating activities.

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