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net cash provided by financing activities

net cash provided by financing activities

FINANCIAL ACCOUNTING
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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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
Transcribed Image Text: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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