a. What is the net cash provided by operating activities?b. What is the net cash used in investing activities? Bamboo Company reported the following statement of financial position at year-end:20202019Cash2,750,0002,000,000Accounts receivable7,000,0004,600,000Investments, at cost1,000,0001,750,000Plant9,000,0006,500,000Accumulated depreciationAccounts payableShare capitalRetained earnings(2,250,000)(3,000,000)4,750,0003,750,0007,500,0005,000,0004,500,0003,850,000An investment was sold for P1,250,000 during the year. There was no disposal of plant during the year.The net income for the year was P3,000,000, after income tax expense of P1,200,000.A dividend of P2,350,000 was paid on December 31, 2020.

Operating activities include sales and changes in working capital. investing activities include…

Answered: operating activities

Business

Accounting

operating activities

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 17P: Athenian Venues Inc. just reported the following selected portion of its financial statements for...

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Question

a. What is the net cash provided by operating activities?
b. What is the net cash used in investing activities?

Bamboo Company reported the following statement of financial position at year-end:
2020
2019
Cash
2,750,000
2,000,000
Accounts receivable
7,000,000
4,600,000
Investments, at cost
1,000,000
1,750,000
Plant
9,000,000
6,500,000
Accumulated depreciation
Accounts payable
Share capital
Retained earnings
(2,250,000)
(3,000,000)
4,750,000
3,750,000
7,500,000
5,000,000
4,500,000
3,850,000
An investment was sold for P1,250,000 during the year. There was no disposal of plant during the year.
The net income for the year was P3,000,000, after income tax expense of P1,200,000.
A dividend of P2,350,000 was paid on December 31, 2020.

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