Reference no: EM132818367

Nile Company provided the following information at the end of each year:

                                           2020                        2019

Borrowings               P2,500,000             P 800,000

Share capital            3,500,000              2,000,000

Retained earnings     950,000                750,000

• Borrowings of P300,000 were paid during 2020 and a new borrowing include P200,000 vendor financing arising on the acquisition of property.
• The movement in retained earnings comprised profit for 2020 of P900,000 and net of cash dividend paid to the shareholders.
• The movement in share capital arose from issuance of share capital for cash during the year.

Required:

Problem 1: Compute for the cash acquired from new long-term borrowings

Problem 2: Compute for the cash dividend declared and paid during the current year

Problem 3: Compute the net cash provided or used by financing activities