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What the current year statement of cash flows

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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

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