Mouse Company provided the following information for the current year: Dividends declared P3,000,000 P1,000,000 P1,500,000 P3,000,000 Issuance of shares in exchange of services P500,000 P300,000 Payment for the retirement of bonds payable P3,000,000 Borrowings from a bank Proceeds from the sale of land Proceeds from the issuance of shares Income taxes paid What is the net cash flows from financing activities?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mouse Company provided the following information for the current year:
Dividends declared
P3,000,000
P1,000,000
P1,500,000
P3,000,000
Issuance of shares in exchange of services P500,000
P300,000
Payment for the retirement of bonds payable P3,000,000
Borrowings from a bank
Proceeds from the sale of land
Proceeds from the issuance of shares
Income taxes paid
What is the net cash flows from financing activities?
Transcribed Image Text:Mouse Company provided the following information for the current year: Dividends declared P3,000,000 P1,000,000 P1,500,000 P3,000,000 Issuance of shares in exchange of services P500,000 P300,000 Payment for the retirement of bonds payable P3,000,000 Borrowings from a bank Proceeds from the sale of land Proceeds from the issuance of shares Income taxes paid What is the net cash flows from financing activities?
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