QWE Company provided the following information for the current year: Cash, January 1 - P320,000; Net cash provided by operating activities - P410,000; Net cash used by investing activities - P390,000; Net cash provided by financing activities - P200,000. What is the cash balance on December 31?

QWE Company provided the following information for the current year: Cash, January 1 - P320,000; Net cash provided by operating activities - P410,000; Net cash used by investing activities - P390,000; Net cash provided by financing activities - P200,000. What is the cash balance on December 31?

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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