1. Determine the ending cash balance for the year a. P 3,430,000 b. P 3,280,000 c. P 3,000,000 d. Cannot be determined from the given data 2. Determine the net cash used in financing activities a. P 495,000 b. P 375,000 c. P 120,000 d. Cannot be determined from the given data
1. Determine the ending cash balance for the year a. P 3,430,000 b. P 3,280,000 c. P 3,000,000 d. Cannot be determined from the given data 2. Determine the net cash used in financing activities a. P 495,000 b. P 375,000 c. P 120,000 d. Cannot be determined from the given data
Chapter19: Corporations: Distributions Not In Complete Liquidation
Section: Chapter Questions
Problem 1BCRQ
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1. Determine the ending cash balance for the year
a. P 3,430,000
b. P 3,280,000
c. P 3,000,000
d. Cannot be determined from the given data
2. Determine the net cash used in financing activities
a. P 495,000
b. P 375,000
c. P 120,000
d. Cannot be determined from the given data
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