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Seoul Company, the head office of a network of multinational companies, had the following information for 2020: P 1,408,885 4,208 463,407 580,195 Depreciation expense Increase in receivables Increase in other current assets Increase in payables Additional property, plant and equipment purchased during the year, paid in cash Long-term notes payable Net loss 209,920 15,510,698 17,931,234 Cash at the beginning of the year amounted to P2,204,671. 1. How much is the net cash from operating activities? 2. How much is the net cash from investing activities? 3. How much is the net cash from financing activities? How much is the cash balance as at December 31, 4. 20202

Seoul Company, the head office of a network of multinational companies, had the following information for 2020: P 1,408,885 4,208 463,407 580,195 Depreciation expense Increase in receivables Increase in other current assets Increase in payables Additional property, plant and equipment purchased during the year, paid in cash Long-term notes payable Net loss 209,920 15,510,698 17,931,234 Cash at the beginning of the year amounted to P2,204,671. 1. How much is the net cash from operating activities? 2. How much is the net cash from investing activities? 3. How much is the net cash from financing activities? How much is the cash balance as at December 31, 4. 20202

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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Seoul Company, the head office of a network of multinational companies, had the following information for 2020: Depreciation expense Increase in receivables Increase in other current assets P 1,408,885 4,208 463,407 580,195 Increase in payables Additional property, plant and equipment purchased during the year, paid in cash Long-term notes payable 209,920 15,510,698 17,931,234 Net loss Cash at the beginning of the year amounted to P2,204,671. 1. How much is the net cash from operating activities? 2. How much is the net cash from investing activities? 3. How much is the net cash from financing activities? How much is the cash balance as at December 31, 4. 2020?
Transcribed Image Text:Seoul Company, the head office of a network of multinational companies, had the following information for 2020: Depreciation expense Increase in receivables Increase in other current assets P 1,408,885 4,208 463,407 580,195 Increase in payables Additional property, plant and equipment purchased during the year, paid in cash Long-term notes payable 209,920 15,510,698 17,931,234 Net loss Cash at the beginning of the year amounted to P2,204,671. 1. How much is the net cash from operating activities? 2. How much is the net cash from investing activities? 3. How much is the net cash from financing activities? How much is the cash balance as at December 31, 4. 2020?
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