5: Quince Holman Corporation reports: Cash provided by operating activities P 250,000 Cash used by investing activities 110,000 Cash provided by financing activities 140,000 Beginning cash balance 70,000 8. What is Holman's ending cash balance? a. P280,000. b. P350,000. c. P500,000. d. P570,000. Problem 6: Gordman Corporation reports: Cash provided by operating activities P 200,000 Cash used by investing activities 110,000 Cash provided by financing activities 140,000 Beginning cash balance 70,000 9. What is Gordman's ending cash balance? a. P230,000. b. P300,000. c. P450,000. d. P520,000. Problem 7: Stonewell Company provided the following comparative statement of financial position at year-end: 2018 2017 Cash 550,000 400,000 Accounts receivable 1,400,000 920,000 Investment, at cost 200,000 350,000 Property, plant, and equipment 1,800,000 1,300,000 Accumulated depreciation (600,000) (450,000) Accounts payable. 950,000 750,000 Share capital. 1,500,000 1,000,000 Retained earnings. 900,000 770,000 Additional information: An investment was sold for P250,000 during the current year. There was no disposal of property, plant, and equipment during the current year. The net income for the current year was P600,000, after income tax of P105,000. A dividend of P470,000 was paid on December 31, 2018. Required: 10. What is the net cash provided by operating activities for the current year? a. 475,000 b. 470,000 c. 370,000 d. 570,000 11. What is the net cash provided by investing activities? a. 500,000 b. 750,000 c. 250,000 d. 400,000 12. What is the net cash provided by financing activities? a. 500,000 b. 470,000 c. 970,000 d. 30,000 Problem 8: Cara Company provided the following information: 1/1/2014 12/31/2014 Current assets 240,000 ? Property, plant and equipment 1,600,000 1,700,000 Current liabilities ? 130,000 Noncurrent liabilities 580,000 ? All assets and liabilities are reported at year end. Working capital of P92,000 remained unchanged from 2013 to 2014. Net income in 2014 was P64,000. No dividends were declared during 2014 and there were no other changes in shareholder's equity. What amount should be reported for the following 13. Current liabilities on January 1, 2014 a. 148,000 b. 240,000 c. 338,000 d. 332,000 14. Noncurrent liabilities on December 31, 2014 a. 340,000 b. 432,000 c. 616,000 d. 580,000 Problem 9: Sheldon Company has net income of P1,100,000, a positive P100,000 net cumulative effect of a change in accounting policy, a P300,000 unrealized loss on available for sale securities, a positive P200,000 foreign currency translation adjustment, and a P600,000 increase in share capital. 15. What is the comprehensive income? a. 1,700,000 b. 1,000,000 c. 1,100,000 d. 400,000