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What is the net cash provided from operating activities

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Reference no: EM132812735

Peter Senen uses the direct method to prepare its statement of cash flows: Peter Senen had the following cash flows during 2020:

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 payment for dividends 40,000
Cash payment for taxes 80,000
Cash payment to purchase land 160,000

Problem 1: What is the net cash provided (used) from operating activities?

a. (P40,000)

b. P80,000

c. P120,000

d. P60,000

Reference no: EM132812735

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