Charade Company uses the direct method to prepare its statement of cash flows. Charade had the following cash flows during 2014: Cash receipts from issuance of ordinary shares - P800,000; Cash receipts from customers - 400,000; Cash receipts from dividends on long term investments - 60,000; Cash receipts from repayment of loan made to another company - 440,000; Cash payments for wages & other operating expenses - 240,000; Cash payment for insurance - 20,000; Cash payments for dividends - 40,000; Cash payments for taxes - 80,000; Cash payment to purchase land - 160,000. What is the net cash provided (used) from operating activities?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Charade Company uses the direct method to prepare its statement of cash flows. Charade had the following cash flows during 2014: Cash receipts from issuance of ordinary shares - P800,000; Cash receipts from customers - 400,000; Cash receipts from dividends on long term investments - 60,000; Cash receipts from repayment of loan made to another company - 440,000; Cash payments for wages & other operating expenses - 240,000; Cash payment for insurance - 20,000; Cash payments for dividends - 40,000; Cash payments for taxes - 80,000; Cash payment to purchase land - 160,000. What is the net cash provided (used) from operating activities? 

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