FDN Company shows the following amounts in its Statement of Cash Flows for the year ended December 31, 2021: Net cash used in operating activities P 5,000,000 Net cash used in investing activities 5,000,000 Net cash provided by financing activities 5.500,000 Cash balance, January 1 9,000,000 How much is the balance of cash at December 31, 2021?
FDN Company shows the following amounts in its Statement of Cash Flows for the year ended December 31, 2021: Net cash used in operating activities P 5,000,000 Net cash used in investing activities 5,000,000 Net cash provided by financing activities 5.500,000 Cash balance, January 1 9,000,000 How much is the balance of cash at December 31, 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:FDN Company shows the following amounts in its Statement of Cash Flows for the
year ended December 31, 2021:
Net cash used in operating activities
P 5,000,000
Net cash used in investing activities
5,000,000
Net cash provided by financing activities 5,500,000
Cash balance, January 1
9.000,000
How much is the balance of cash at December 31, 2021?
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