Question

Bongo, a non-governmental not-for-profit organization had the following transactions during the year proceeds from sale of investments as 80000 . purchase of property , plant and equipment Rs 10000 . proceeds from long term debt rs. 100,000. loss on sale of investment rs.5000
What amount should be reported as net cash provided by financing activities in bongos statement of cash flows ?
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Answer 1

Answer:

hi there,

the answer will be 100,000

reason-

transactions like loss, purchase and sale are not recorded in FINANCIAL ACTIVITIES, but operating and investing. transactions like proceed from long terms debts are included only.

hope this helps :))

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