#60 Microsoft TeamsclassesThe transactions of Tsape Company for the current year included the following:Cash borrowed from bank for purchase of landP6,000,000Purchase of land for cash6,000,000Sale of securities for cash1,000,000Dividend declared (of which P2,000,000 was paid during the year)3,000,000Issuance of ordinary shares for cash7,000,000Payment of bank loan including interest of P500,0003,500,000Increase in customers' deposits500,000The current year statement of cash flows should report net cash provided by financing activities atO 7,000,000O 8,000,000O 8,500,000O 7.500.000

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Business

Accounting

net cash provided by financing activities

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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Question

#60

Microsoft Teams
classes
The transactions of Tsape Company for the current year included the following:
Cash borrowed from bank for purchase of land
P6,000,000
Purchase of land for cash
6,000,000
Sale of securities for cash
1,000,000
Dividend declared (of which P2,000,000 was paid during the year)
3,000,000
Issuance of ordinary shares for cash
7,000,000
Payment of bank loan including interest of P500,000
3,500,000
Increase in customers' deposits
500,000
The current year statement of cash flows should report net cash provided by financing activities at
O 7,000,000
O 8,000,000
O 8,500,000
O 7.500.000

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