FDN Trading provided the following information during the current year. Proceeds from bank loans, P950,000 Proceeds from sale of second-hand equipment, $88,500 Interest paid on bank loan, P50,000 Payment of bank loan principal, #498,000 Withdrawals of owner, P132,000 Additional investments of owner, #519,000 How much should be reported on the Statement of Cash Flows as net cash provided by (used in) financing activities? Note: Encode as a negative amount if the final answer is used in.

FDN Trading provided the following information during the current year. Proceeds from bank loans, P950,000 Proceeds from sale of second-hand equipment, $88,500 Interest paid on bank loan, P50,000 Payment of bank loan principal, #498,000 Withdrawals of owner, P132,000 Additional investments of owner, #519,000 How much should be reported on the Statement of Cash Flows as net cash provided by (used in) financing activities? Note: Encode as a negative amount if the final answer is used in.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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