DD Co. has the following transactions during the year: 1. Sales made to customers, P800,000 on...

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DD Co. has the following transactions during the year: 1. Sales made to customers, P800,000 on credit, P450,000 for cash 2. Purchases of merchandise, P300,000 cash, P250,000 on credit 3. Additonal investment made during the year by Mr. DD, P300,000 cash and equipment worth P240,000 4. Acquired a delivery equipment for P1,200,000, with down payment of P500,000. and the balance on account 5. Sale of equipment for cash equal to its book value of P40,000 6. Purchase of supplies on account, P20,000 7. Payment of loan, P50,000 to apply on principal and P4,000 to apply on interest 8. Payment of operating expenses, P75,000 9. Cash withdrawal made by Mr. DD, P120,000. Required: Determine cash flows from: a. Operating activities b. Investing activities c. Financing activities DD Co. has the following transactions during the year: 1. Sales made to customers, P800,000 on credit, P450,000 for cash 2. Purchases of merchandise, P300,000 cash, P250,000 on credit 3. Additonal investment made during the year by Mr. DD, P300,000 cash and equipment worth P240,000 4. Acquired a delivery equipment for P1,200,000, with down payment of P500,000. and the balance on account 5. Sale of equipment for cash equal to its book value of P40,000 6. Purchase of supplies on account, P20,000 7. Payment of loan, P50,000 to apply on principal and P4,000 to apply on interest 8. Payment of operating expenses, P75,000 9. Cash withdrawal made by Mr. DD, P120,000. Required: Determine cash flows from: a. Operating activities b. Investing activities c. Financing activities

Answer rating: 100% (QA)

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