Single Company provided the following comparative statement of financial position at year-end:

	2018	2019
Cash	400,000	1,600,000
Accounts receivable	950,000	1,400,000
Investment, at cost	350,000	200,000
Property, plant and equipment	1,500,000	2,000,000
Accumulated depreciation	-650,000	-800,000
Accounts payable	800,000	1,000,000
Share capital	1,000,000	2,500,000
Retained earnings	850,000	950,000

Investment was sold for P250,000 during the year. There was no disposal of property, plant and equipment during the year. Net income was P700,000 while dividend paid on December 31, 2018 was P500,000.

REQUIRED (Ignore positive or negative signs):

1. 1 Net cash provided by operating activities?
2. 2 Net cash used in investing activities?
3. 3 Net cash provided by financing activities?

Answer rating: 100% (QA)

Cash from Operating Activities Net Income 700000 Adjustments Add ... View the full answer