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How much is the net cash flow from financing? O (P 285,000) O (P510,000) O (P210,000) O (P445,000)

How much is the net cash flow from financing? O (P 285,000) O (P510,000) O (P210,000) O (P445,000)

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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How much is the net cash flow from financing? O (P 285,000) O (P510,000) O (P210,000) O (P445,000)
Accounts payable (5,000) Dividends payable 160,000 Short-term notes, non-trade 300,000 Long-term debts 130,000 Ordinary share, P10 par 150,000 Share premium (APIC) 75,000 Accumulated profits 290,000 The following additional information relates to the same year: 1. Net income was P1,090,000. 2. Cash dividend declared was P800,000. 3. Equipment costing P600,000 and having carrying cost of P350,000 was sold for P350,000.
Transcribed Image Text:Accounts payable (5,000) Dividends payable 160,000 Short-term notes, non-trade 300,000 Long-term debts 130,000 Ordinary share, P10 par 150,000 Share premium (APIC) 75,000 Accumulated profits 290,000 The following additional information relates to the same year: 1. Net income was P1,090,000. 2. Cash dividend declared was P800,000. 3. Equipment costing P600,000 and having carrying cost of P350,000 was sold for P350,000.
The following changes in the statement of financial position accounts of MGT were gathered for preparation of Statement on Cash Flow: Increase (Decrease) Cash 270,000 Short-term investment 200,000 Accounts receivable (20,000) Inventory 100,000 Noncurrent investment (100,000) Equipment 700,000 Accumulated depreciation increase 50,000 Accounts payable (5,000) Dividends payable 160,000 Short-term notes, non-trade 300,000
Transcribed Image Text:The following changes in the statement of financial position accounts of MGT were gathered for preparation of Statement on Cash Flow: Increase (Decrease) Cash 270,000 Short-term investment 200,000 Accounts receivable (20,000) Inventory 100,000 Noncurrent investment (100,000) Equipment 700,000 Accumulated depreciation increase 50,000 Accounts payable (5,000) Dividends payable 160,000 Short-term notes, non-trade 300,000
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