QWE Company provided the following information for the current year: Cash, January 1 - P320,000; Net cash provided by operating activities - P410,000; Net cash used by investing activities - P390,000; Net cash provided by financing activities - P200,000. What is the cash balance on December 31?

QWE Company provided the following information for the current year: Cash, January 1 - P320,000; Net cash provided by operating activities - P410,000; Net cash used by investing activities - P390,000; Net cash provided by financing activities - P200,000. What is the cash balance on December 31?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 7RE: Tifton Co. had the following cash transactions during the current year: Refer to the information in...

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