FDN Trading provided the following information during the current year. Proceeds from sale of a parcel of lot and various second-hand equipment, P640,500 Interest received, P32,000 Purchase of laptops, P248,000 Interest paid on bank loan, P50,200 How much should be reported on the Statement of Cash Flows as net cash provided by (used in) investing activities? Note: Encode as a negative amount if the final answer is used in.

FDN Trading provided the following information during the current year. Proceeds from sale of a parcel of lot and various second-hand equipment, P640,500 Interest received, P32,000 Purchase of laptops, P248,000 Interest paid on bank loan, P50,200 How much should be reported on the Statement of Cash Flows as net cash provided by (used in) investing activities? Note: Encode as a negative amount if the final answer is used in.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 9MCQ: Refer to the information for Cornett Company above. What amount should Cornett report on its...

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Refer to the information for Cornett Company above. What amount should Cornett report on its statement of cash flows as net cash flows provided by investing activities? a. $(5,200) b. $55,200 c. $144,800 d. None of these
FDN Trading provided the following information during the current year. Proceeds from bank loans, 950,000 Proceeds from sale of second-hand equipment, #88,500 Interest paid on bank loan, $50,000 Payment of bank loan principal, $498,000 Withdrawals of owner, P132,000 Additional investments of owner, #519,000 How much should be reported on the Statement of Cash Flows as net cash provided by (used in) financing activities? Note: Encode as a negative amount if the final answer is used in.
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