Question
Seoul Company, the head office of a network of multinational companies, had the following information for 2020: Depreciation expense 1,408,885 Increase in receivables 4,802 Increase
Seoul Company, the head office of a network of multinational companies, had the following information for 2020:
Depreciation expense 1,408,885
Increase in receivables 4,802
Increase in other current assets 463,407
Increase in payables 580,195
Additional property, plant and equipment purchased during the year, paid in cash 209,920
Long-term notes payable 15,510,698
Net loss 17,931,234 Cash at the beginning of the year amounted to 2,204,671.
1. How much is the net cash from operating activities?
2. How much is the net cash from investing activities?
3. How much is the net cash from financing activities? 4. How much is the cash balance as at December 31. 2020?
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