FDN Company shows the following amounts in its Statement of Cash Flows for the y Net cash used in operating activities P 2,000,000 Net cash used in investing activities 4,000,000 Net cash provided by financing activities 5,500,000 Cash balance, January 1 8,000,000 How much is the balance of cash at December 31, 2021?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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FDN Company shows the following amounts in its Statement of Cash Flows for the year ended December 31, 2021:
Net cash used in operating activities
P 2,000,000
Net cash used in investing activities
4,000,000
Net cash provided by financing activities
5,500,000
Cash balance, January 1
8,000,000
How much is the balance of cash at December 31, 2021?
Transcribed Image Text:FDN Company shows the following amounts in its Statement of Cash Flows for the year ended December 31, 2021: Net cash used in operating activities P 2,000,000 Net cash used in investing activities 4,000,000 Net cash provided by financing activities 5,500,000 Cash balance, January 1 8,000,000 How much is the balance of cash at December 31, 2021?
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