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The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of goods = P390,000 Investment of owner = P28,000 Purchase of equipment = P658,000 Receipt of interest income = P8,000 Purchase of office supplies - P53,000 Withdrawal by owner = P13,000

The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of goods = P390,000 Investment of owner = P28,000 Purchase of equipment = P658,000 Receipt of interest income = P8,000 Purchase of office supplies - P53,000 Withdrawal by owner = P13,000

Intermediate Accounting: Reporting And Analysis
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 7RE: Tifton Co. had the following cash transactions during the current year: Refer to the information in...
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The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of goods = P390,000 Investment of owner = P28,000 Purchase of equipment = P658,000 Receipt of interest income = P8,000 Purchase of office supplies - P53,000 = Withdrawal by owner = P13,000 How much is cash provided by (used in) Financing Activities? Enter as a negative number if the answer is used in Financing Activities.
Transcribed Image Text:The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of goods = P390,000 Investment of owner = P28,000 Purchase of equipment = P658,000 Receipt of interest income = P8,000 Purchase of office supplies - P53,000 = Withdrawal by owner = P13,000 How much is cash provided by (used in) Financing Activities? Enter as a negative number if the answer is used in Financing Activities.
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