Accounting Exercises On Cash Flows
Accounting Exercises On Cash Flows
Accounting Exercises On Cash Flows
The following information comes from the balance sheet of BluePink Inc.:
Additional Information:
● All accounts payable balances are related to transactions concerning merchandise
inventory
● During the year, BluePink issued 12,500 shares with a par value of P32
● Acquired a new machine worth P400,000 by signing a promissory note
● Paid cash dividends worth P100,000 during the year
● Purchased an equipment with cash of P40,000 and notes payable of P200,000
● Retired a note with a book value of P100,000 by paying P120,000 cash
● Sold a building that has an original cost of P80,000 and an accumulated depreciation
of P20,000 for P50,000 cash
Name: ____________________________
Section: ___________________________