The following information is available from the financial statements of Hornets Corporation for the year ended December 31, 2015: Net income - P396,000; Depreciation expense - 102,000; Decrease in accounts receivable - 126,000; Increase in inventories - 90,000; Increase in accounts payable - 24,000; Payment of dividends 54,000Purchase of available-for-sale securities - 22,000; Decrease in income taxes payable - 16,000. What is Hornets Corporation's net cash flow from operating activities?

The following information is available from the financial statements of Hornets Corporation for the year ended December 31, 2015: Net income - P396,000; Depreciation expense - 102,000; Decrease in accounts receivable - 126,000; Increase in inventories - 90,000; Increase in accounts payable - 24,000; Payment of dividends 54,000Purchase of available-for-sale securities - 22,000; Decrease in income taxes payable - 16,000. What is Hornets Corporation's net cash flow from operating activities?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 47P

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