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How much should chichi report as net cash from financing

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Reference no: EM132950167

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.

Problem 1: How much should Chichi report as net cash from financing activities?

Reference no: EM132950167

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