3/2/22, 10:43 AM ACC109-P2-Exam

ACC109-P2-Exam
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PROBLEM SOLVING

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the cash flows from operating activities? * 2 points

P4,060

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the cash flows from investing activities? * 2 points

-P1,500

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the cash flows from financing activities? * 2 points

P4,080

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the cash receipts from customers? * 2 points

P32,800

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the cash payments to suppliers? * 2 points

P20,200

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the cash payments for operating expenses? 2 points

P1,680

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the cash payments for acquisition of property, plant, and 2 points

equipment? *

P4,820

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the total cash receipts from customers during the period? * 2 points

P907,000

How much is the cash flows from operating activities? * 2 points

P8,400

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the net cash flows from (used in) investing activities? * 2 points

-P2,400,000

How much is the net cash flows from (used in) financing activities? * 2 points

P800,000

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the correct profit in 20x1? * 2 points

P5,160,000

How much is the correct profit in 20x2? * 2 points

P7,560,000

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the correct retained earnings in 20x1? 2 points

P9,960,000

How much is the correct retained earnings in 20x2? * 2 points

P17,520,000

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3/2/22, 10:43 AM ACC109-P2-Exam

What is the net effect of the errors on the 20x1 profit? (over) 2 points
understatement *

-P187,200

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3/2/22, 10:43 AM ACC109-P2-Exam

What is the net effect of the errors on the 20x2 profit? (over) 2 points
understatement

P572,000

https://docs.google.com/forms/d/e/1FAIpQLSf-ROdycLfdHEFTDENiyzV6NUYyJ7SO2_JF-MCd4bd7AI0wnQ/formResponse 14/18
3/2/22, 10:43 AM ACC109-P2-Exam

What is the net effect of the errors on the 20x3 profit? (over) 2 points
understatement

P60,000

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the correct profit (loss) in 20x1? * 2 points

P304,800

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3/2/22, 10:43 AM ACC109-P2-Exam

How much is the correct profit (loss) in 20x2? * 2 points

P1,196,000

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