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1. Determine the ending cash balance for the year   a. P 3,430,000 b. P 3,280,000 c. P 3,000,000 d. Cannot be determined from the given data   2. Determine the net cash used in financing activities   a. P 495,000 b. P 375,000 c. P 120,000 d. Cannot be determined from the given data

1. Determine the ending cash balance for the year   a. P 3,430,000 b. P 3,280,000 c. P 3,000,000 d. Cannot be determined from the given data   2. Determine the net cash used in financing activities   a. P 495,000 b. P 375,000 c. P 120,000 d. Cannot be determined from the given data

CONCEPTS IN FED.TAX.,2020-W/ACCESS
CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter14: Choice Of Business Entity—operations And Distributions
Section: Chapter Questions
Problem 68IIP
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1. Determine the ending cash balance for the year
 
a. P 3,430,000
b. P 3,280,000
c. P 3,000,000
d. Cannot be determined from the given data
 
2. Determine the net cash used in financing activities
 
a. P 495,000
b. P 375,000
c. P 120,000
d. Cannot be determined from the given data
Alpha Corp. has the following activities during the year - Acquired 2,000 shares of Charlie Company for P 2,600,000 - Sold an investment in Papa Motors for P 3,500,000 when the carrying value was P 3,300,000 - Acquired a P 5,000,000, 4-year certificated of deposit from a bank. During the year, interest of P 375,000 was paid to Alpha - Paid dividends of P 120,000 for the year
Transcribed Image Text:Alpha Corp. has the following activities during the year - Acquired 2,000 shares of Charlie Company for P 2,600,000 - Sold an investment in Papa Motors for P 3,500,000 when the carrying value was P 3,300,000 - Acquired a P 5,000,000, 4-year certificated of deposit from a bank. During the year, interest of P 375,000 was paid to Alpha - Paid dividends of P 120,000 for the year
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