Lovely Corporation is preparing its statement of cash flows and has provided this information:

Net income	P400,000
Depreciation on property, plant and equipment	200,000
Loss on sale of building	100,000
Interest expense	150,000
Interest payable, beginning of the year	100,000
Interest payable, end of the year	50,000
Accounts receivable, beginning of the year	500,000
Accounts receivable, end of the year	850,000
Inventory, beginning of the year	500,000
Inventory, end of the year	400,000
Accounts payable, beginning of the year	200,000
Accounts payable, end of the year	500,000

The net cash provided by operating activities is

a. 750,000 

b. 700,000 

c. 600,000

d. 500,000

Answer rating: 100% (QA)

Answer Cash provided by operating activity Net income Non cash expenditure Depreciation Ch... View the full answer