On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information are taken from its books on December 31, 2021, end of the accounting period: Cash received from customers P 122,000 Cash received from sale of equipment 9,600 Purchase of equipment for cash 8,000 Additional cash investment of owner 22,000 Cash paid for bank loan 7,000 Cash received for sale of long-term investments 18,000 Payment for operating expenses 65,500 Note issued for acquisition of company vehicle 6,500 How much was the net cash flow provided by (used in) investing activities? Enter as a negative amount if it's used in investing activities.

On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information are taken from its books on December 31, 2021, end of the accounting period: Cash received from customers P 122,000 Cash received from sale of equipment 9,600 Purchase of equipment for cash 8,000 Additional cash investment of owner 22,000 Cash paid for bank loan 7,000 Cash received for sale of long-term investments 18,000 Payment for operating expenses 65,500 Note issued for acquisition of company vehicle 6,500 How much was the net cash flow provided by (used in) investing activities? Enter as a negative amount if it's used in investing activities.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

Section: Chapter Questions

Problem 1P: Mahoney Company has the following financial statements for 2017 and 2018. Assume that the purchase...

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