At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was P350,000 and the company's investing activities required cash expenditures of P800,000. The company's cash position at the end of the year was P70,000. What was the net cash provided by the company's financing activities? *
At the beginning of the year, National Corporation had P100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was P350,000 and the company's investing activities required cash expenditures of P800,000. The company's cash position at the end of the year was P70,000. What was the net cash provided by the company's financing activities? *
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 7MC
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