Reference no: EM132684869
Eve Company uses the direct method to prepare its statement of cash flows. Eve had the following cash flows during 2020:
Cash receipts from issuance of bonds P 800,000
Cash receipts from issuance of ordinary shares 1,400,000
Cash receipts from customers 700,000
Cash receipts from dividends on long term investments 105,000
Cash receipts from repayment of loan made to another company 660,000
Cash payments for wages & other operating expenses 420,000
Cash payments for reacquisition of treasury shares 250,000
Cash payments for dividends 70,000
Cash payments for taxes 140,000
Cash payments for purchase of land 280,000
Problem 1: What is the net cash provided (used) from financing activities?
a. P1,950,000
b. P1,670,000
c. P1,530,000
d. P1,880,000
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