Compute net cash provided or used by financing activities

Assignment Help Accounting Basics
Reference no: EM132867965

Question - Nile Company provided the following information at the end of each year:

 

2020

2019

Borrowings

P2,500,000

P800,000

Share capital

3,500,000

2,000,000

Retained earnings

950,000

750,000

Borrowings of P300,000 were paid during 2020 and a new borrowing include P200,000 vendor financing arising on the acquisition of property.

The movement in retained earnings comprised profit for 2020 of P900,000 and net of cash dividend paid to the shareholders.

The movement in share capital arose from issuance of share capital for cash during the year.

Required -

1. Compute the cash acquired from new long-term borrowings.

2. Compute the cash dividend declared and paid during the current year.

3. Compute the net cash provided or used by financing activities.

Reference no: EM132867965

Questions Cloud

Explain the purposes of business ethics : Define Ethics Please explain the common reasons why people act unethically
What is the material price variance : Actual: Production 2,750 units produced during the month and Labor 7,000 direct labor hours @ $7.90 per hour. What is the material price variance
Introduce launch of new payroll and accounting services : -Introduce the launch of the new payroll and accounting services to the employees emphasizing the selling style you expect to implement.
Discuss your communication gaps : Discuss your communication gaps. Describe any additional training you need in specific areas of communication.
Compute net cash provided or used by financing activities : The movement in share capital arose from issuance of share capital for cash during the year. Compute net cash provided or used by financing activities
Define recruitment practices and social rewards : How to define recruitment practices and social rewards
What are the facts of the case : XYZ, Corporation is a Delaware corporation. One of its shareholders, Mr. Busybody, a U.S. citizen, while on vacation in Bangladesh, decided to check
Globalization positive development for global economy : What actions can a multinational corporation take that would make globalization a positive development for the global economy.
Explain the concept of service standards and importance : Explain the concept of service standards and their importance. Identify two examples of services standards.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd