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How much should chichi report as net cash

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Reference no: EM133032109

Question - Chichi Company's transactions for the year ended December 31, 2020 included the following:

Acquired 50% of Goku Company's ordinary shares for P180,000 cash which was borrowed from a bank in 2020.

Issued 5,000 of its preference shares for land having a fair value of P320,000.

Issued 500 of its 11% debenture bonds, due in 2018, for P392,000 cash.

Purchased a patent for P220,000 cash.

Paid P120,000 toward a bank loan.

Sold Financial asset measured at Fair Value OCI for P96,000.

Required - How much should Chichi report as net cash from financing activities?

Reference no: EM133032109

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