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What is the net cash provided from financing activities

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Reference no: EM132683988

Eve Company uses the direct method to prepare its statement of cash flows. Eve had the following cash flows during 2020:

Cash receipts from issuance of bonds P 800,000

Cash receipts from issuance of ordinary shares 1,400,000

Cash receipts from customers 700,000

Cash receipts from dividends on long term investments 105,000

Cash receipts from repayment of loan made to another company 660,000

Cash payments for wages & other operating expenses 420,000

Cash payments for reacquisition of treasury shares 250,000

Cash payments for dividends 70,000

Cash payments for taxes 140,000

Cash payments for purchase of land 280,000

Problem 1: What is the net cash provided (used) from financing activities?

a. P1,950,000

b. P1,670,000

c. P1,530,000

d. P1,880,000

Reference no: EM132683988

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