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2025 Adlake Corp Financial Overview

The document provides financial information for Adlake Corporation for 2025 and 2024. It includes the income statement, adjustments, and statement of cash flows for 2025. It also provides account balances as of 12/31/25 and 12/31/24. The operating activities section of the statement of cash flows was prepared using the indirect method, showing cash collected from customers, cash paid for inventory and expenses, and net cash from operating activities of ₱62,400.

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Mila Mercado
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172 views3 pages

2025 Adlake Corp Financial Overview

The document provides financial information for Adlake Corporation for 2025 and 2024. It includes the income statement, adjustments, and statement of cash flows for 2025. It also provides account balances as of 12/31/25 and 12/31/24. The operating activities section of the statement of cash flows was prepared using the indirect method, showing cash collected from customers, cash paid for inventory and expenses, and net cash from operating activities of ₱62,400.

Uploaded by

Mila Mercado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Income Statement of Cash

Description Adjustments
Statement Flows
Sales ₱ 616,600.00 -₱ 8,200.00 ₱ 608,400.00
₱ 10,400.00
Cost of goods sold -₱ 490,000.00 -₱ 12,000.00 -₱ 490,000.00
₱ 1,600.00
Depreciation
Expense -₱ 18,200.00 ₱ 18,200.00 ₱ -
Amortization
Expense -₱ 2,600.00 ₱ 2,600.00 ₱ -
Other Expenses -₱ 56,000.00 -₱ 56,000.00
Loss on Sale of
Building -₱ 3,000.00 ₱ 3,000.00
Gain on Sale of
Investments ₱ 13,000.00 -₱ 13,000.00
 Net Income
₱ 59,800.00 ₱ 62,400.00

Adlake Corporation provides the following account balances for 2025 and 2024:
12/31/25 12/31/24
Accounts Receivable .......................... P 70,600 P 62,400
Inventory .................................... 148,200 158,600
Accounts Payable ............................. 39,000 51,000
Short-term Notes Payable (for inventory) ..... 41,600 40,000
Sales ........................................ 616,600
Cost of Goods Sold ........................... 490,000
Depreciation Expense ......................... 18,200
Amortization Expense ......................... 2,600
Other Expenses ............................... 56,000
Loss on Sale of Building ..................... 3,000
Gain on Sale of Investments .................. 13,000

Use the simultaneous analysis matrix to prepare the operating activities


a.
section of the statement of cash flows.
Prepare the operating activities section of the statement of cash flows under
b.
the indirect method.
Operating Activities:
Cash collected from
customers ₱ 608,400.00
Cash paid for inventory ₱ 490,000.00
Cash paid for other
expenses ₱ 56,000.00
Net cash flows from
operating activities ₱ 62,400.00 Net Income
Add: Depreciation
ances for 2025 and 2024: Amortization
12/31/25 12/31/24 Loss on sale of
building
P 70,600 P 62,400
148,200 158,600 Decrease in inventory
39,000 51,000
Increase in short-term
41,600 40,000 notes payable
616,600 Increase in accounts
490,000 Less: receivable
18,200 Decrease in accounts
2,600 payable
56,000 Gain on sale of
3,000 investments
13,000 Cash flow from
operations
he operating activities

ement of cash flows under


₱ 59,800.00
₱ 18,200.00
₱ 2,600.00

₱ 3,000.00

₱ 10,400.00

₱ 1,600.00 ₱ 35,800.00

₱ 8,200.00

₱ 12,000.00

₱ 13,000.00 ₱ 33,200.00

₱ 62,400.00

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