For the year ended December 31, 2021, a corporation had cash flow provided by operating activities of P40,000, cash flow used by investing activities of P30,000, and cash flow used by financing activities of P20,000. The Statement of Cash Flows would show a: a. net decrease of P10,000 in cash and cash and cash equivalents b. net increase of P10,000 in cash and cash and cash equivalents c. net decrease of P30,000 in cash and cash and cash equivalents d. net increase of P50,000 in cash and cash equivalents e. none of the above
For the year ended December 31, 2021, a corporation had cash flow provided by operating activities of P40,000, cash flow used by investing activities of P30,000, and cash flow used by financing activities of P20,000. The Statement of Cash Flows would show a: a. net decrease of P10,000 in cash and cash and cash equivalents b. net increase of P10,000 in cash and cash and cash equivalents c. net decrease of P30,000 in cash and cash and cash equivalents d. net increase of P50,000 in cash and cash equivalents e. none of the above
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 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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For the year ended December 31, 2021, a corporation had cash flow provided by operating activities of P40,000, cash flow used by investing activities of P30,000, and cash flow used by financing activities of P20,000. The Statement of
a. net decrease of P10,000 in cash and cash and cash equivalents
b. net increase of P10,000 in cash and cash and cash equivalents
c. net decrease of P30,000 in cash and cash and cash equivalents
d. net increase of P50,000 in cash and cash equivalents
e. none of the above
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