FDN Trading provided the following information during the current year.Proceeds from sale of a parcel of lot and various second-hand equipment, P630,500Interest received, P61,000Purchase of laptops, P197,000Interest paid on bank loan, P26,200How 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, P630,500 Interest received, P61,000 Purchase of laptops, 197,000 Interest paid on bank loan, P26,200 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, P630,500 Interest received, P61,000 Purchase of laptops, 197,000 Interest paid on bank loan, P26,200 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...

See similar textbooks

Similar questions

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
Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $225,000.
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 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.
What is the net cash used in financing activities?
Q5. Use the following information about the calendar-year cash flows of MacArthur Company to prepare a statement of cash flows (direct method) and a schedule of noncash investing and financing activities. Cash and cash equivalents, beginning-year balance $ 18,000 Cash and cash equivalents, year-end balance Cash payments for merchandise inventory Cash paid for store equipment Cash borrowed on three-month note payable Cash dividends paid Cash paid for salaries Cash payments for other operating expenses Cash received from customers Cash interest received Answer: 78,750 75,750 15,750 22,500 12,000 39,000 48,000 220,500 8,250
What is the net cash provided by operating activities?
What is the net cash at year-end?
Can you help me with this question?
Quinze Seize Corp. reported the following amounts in its statement of financial position at each year-end:a. What is the net cash provided by operating activities?b. What is the net cash used in investing activities?c. What is the net cash provided by financing activities?
Using the Exhibit below, assume that the balance of Accounts Receivable was $61,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Receivable is $62,000 at the end of the current year. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts receivable on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on…
What is the amount of Cash Flow Provided By (Used In) Investing Activities? (Round to the nearest 2 decimal places )