Mr. Matagumpay gave to his accountant the following data for the year ended December 31,2019.P 385,000175.000P 210,000(5,000)(95.000)P110,000Other Information:Accounts Receivable, 2018Accounts Receivable, 2019Accounts Payable, 2018Accounts Payable, 2019InventorySalesCost of Goods SoldGross ProfitDepreciation ExpenseOperating ExpensesNet IncomeP 75,00090,00045,00055.00050,000 26. Vvnat is uie amount of collecion from cusiomers assuming all sales were madeon credit?A. P 360,500B. P370,000C. P375,500D. P379,00027. What is the amount of net cash flow provided by the operating activities?A. P 130,500B. P131,000C. P134,500D. P135,000

answer are as follows as per the guidelines we can provide the ans for one question. please post…

Answered: Rhoont 26. Vvnat is uhe amount of…

Rhoont 26. Vvnat is uhe amount of collecion from customers assuming all sales were made on credit? A. P 360,500 B. P370,000 C. P375,500 D. P379,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 7DQ

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Question

Mr. Matagumpay gave to his accountant the following data for the year ended December 31,
2019.
P 385,000
175.000
P 210,000
(5,000)
(95.000)
P110,000
Other Information:
Accounts Receivable, 2018
Accounts Receivable, 2019
Accounts Payable, 2018
Accounts Payable, 2019
Inventory
Sales
Cost of Goods Sold
Gross Profit
Depreciation Expense
Operating Expenses
Net Income
P 75,000
90,000
45,000
55.000
50,000

26. Vvnat is uie amount of collecion from cusiomers assuming all sales were made
on credit?
A. P 360,500
B. P370,000
C. P375,500
D. P379,000
27. What is the amount of net cash flow provided by the operating activities?
A. P 130,500
B. P131,000
C. P134,500
D. P135,000

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