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At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was P350,000 and the company's investing activities required cash expenditures of P800,000. The company's cash position at the end of the year was P70,000. What was the net cash provided by the company's financing activities? *

At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was P350,000 and the company's investing activities required cash expenditures of P800,000. The company's cash position at the end of the year was P70,000. What was the net cash provided by the company's financing activities? *

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was P350,000 and the company's investing activities required cash expenditures of P800,000. The company's cash position at the end of the year was P70,000. What was the net cash provided by the company's financing activities? * Sample format: 111,111
Transcribed Image Text:At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was P350,000 and the company's investing activities required cash expenditures of P800,000. The company's cash position at the end of the year was P70,000. What was the net cash provided by the company's financing activities? * Sample format: 111,111
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