Solution-What the current year statement of cash flows

What the current year statement of cash flows

Assignment Help Accounting Basics

Reference no: EM133187312

Question - The transactions of Pharsa Company for the current year included the following:

Cash borrowed from bank for purchase of land --- P6,000,000

Purchase of land for cash - 6,000,000

Sale of securities for cash --- 1,000,000

Dividend declared (of which P2,000,000 was paid during the year) --- 3,000,000

Issuance of ordinary shares for cash --- 7,000,000

Payment of bank loan including interest of P500,000 --- 3,500,000

Increase in customers' deposits --- 500,000

Required - What the current year statement of cash flows should report net cash provided by financing activities?

Reference no: EM133187312

Questions Cloud

Why nummi improved quality for its cars : The factory which NUMMI (New United Motor Manufacturing, Inc.) took over was built by GM and operated by them from 1962 to 1982.

Information obtained through cost volume profit : How do you leverage the information obtained through cost volume profit (CVP) analysis to determine the goods and services provided to consumers?

Explain walmart communication systems and strategies : Explain Walmart's communication systems and strategies. Integrate information into a compare and contrast style research paper between Target, CVS, and Publix

Draft the commercial loan agreement : 1. Draft the Commercial Loan Agreement detailing the form of payment and including all data that is not provided and it is necessary.

What the current year statement of cash flows : Increase in customers' deposits --- 500,000. What the current year statement of cash flows should report net cash provided by financing activities

List four ways an employer must manage the tasks : As a manager or supervisor, you need to give both parties the chance to share their side of the story. It will give you a better understanding of the situation,

Reactions to disability-different ability by characters : What are the reactions to the disability/different ability by the characters? Is the disability/different ability used as an important plot point?

Type of international strategy mx pursue in ireland : 2. Based on your proposed strategy, which types of human capital will matter most for MX's office in Ireland?

What is the project npv : The IRR of this 20-year project is 11.75%. If the firm's WACC is 10%, what is the project's NPV? Do not round intermediate calculations

User Account

All Pages

What the current year statement of cash flows

Reference no: EM133187312

Reference no: EM133187312

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT