The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of goods = P390,000 Investment of owner = P28,000 Purchase of equipment = P658,000 Receipt of interest income = P8,000 Purchase of office supplies - P53,000 Withdrawal by owner = P13,000

The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of goods = P390,000 Investment of owner = P28,000 Purchase of equipment = P658,000 Receipt of interest income = P8,000 Purchase of office supplies - P53,000 Withdrawal by owner = P13,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 10MCQ

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Question

The following information on cash transactions were reported by
FDNACCT Co.:
Receipts from sale of goods = P390,000
Investment of owner = P28,000
Purchase of equipment = P658,000
Receipt of interest income = P8,000
Purchase of office supplies - P53,000
=
Withdrawal by owner = P13,000
How much is cash provided by (used in) Financing Activities? Enter as a
negative number if the answer is used in Financing Activities.

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