On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information are taken from its books on December 31, 2021, end of the accounting period: Cash received from customers P 122,000 Cash received from sale of equipment 9,600 Purchase of equipment for cash 8,000 Additional cash investment of owner 22,000 Cash paid for bank loan 7,000 Cash received for sale of long-term investments 18,000 Payment for operating expenses 65,500 Note issued for acquisition of company vehicle 6,500 How much was the net cash flow provided by (used in) investing activities? Enter as a negative amount if it's used in investing activities.
On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information are taken from its books on December 31, 2021, end of the accounting period: Cash received from customers P 122,000 Cash received from sale of equipment 9,600 Purchase of equipment for cash 8,000 Additional cash investment of owner 22,000 Cash paid for bank loan 7,000 Cash received for sale of long-term investments 18,000 Payment for operating expenses 65,500 Note issued for acquisition of company vehicle 6,500 How much was the net cash flow provided by (used in) investing activities? Enter as a negative amount if it's used in investing activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On January 1, 2021, FDN Company has a cash balance of P43,600. The following
financial information are taken from its books on December 31, 2021, end of the
accounting period:
Cash received from customers
P 122,000
Cash received from sale of equipment
9,600
Purchase of equipment for cash
8,000
Additional cash investment of owner
22,000
Cash paid for bank loan
7,000
Cash received for sale of long-term investments
18,000
Payment for operating expenses
65,500
Note issued for acquisition of company vehicle
6,500
How much was the net cash flow provided by (used in) investing activities? Enter as a
negative amount if it's used in investing activities.
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