400,000 Purchase of land by issuing bonds 250,000 Proceeds from issuing bonds 500,000 Purchases of inventory 900,000 Purchases of treasury shares 150,000 Loans made to affiliated corporations 350,000 Dividends paid to preference shareholders 100,000
400,000 Purchase of land by issuing bonds 250,000 Proceeds from issuing bonds 500,000 Purchases of inventory 900,000 Purchases of treasury shares 150,000 Loans made to affiliated corporations 350,000 Dividends paid to preference shareholders 100,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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Question
BC Co. provided the following information on selected transactions during 2021:
Proceeds from issuingpreference share 300,000
Proceeds from sale of equipment 400,000
Purchase of land by issuing bonds 250,000
Proceeds from issuing bonds 500,000
Purchases of inventory 900,000
Purchases of treasury shares 150,000
Loans made to affiliated corporations 350,000
Dividends paid to preference shareholders 100,000
Collections from customers -- 2,500,000
Operating expenses paid ----- 500,000
The net cash provided by Operating activities during 2021 is
Proceeds from issuing
Proceeds from sale of equipment 400,000
Purchase of land by issuing bonds 250,000
Proceeds from issuing bonds 500,000
Purchases of inventory 900,000
Purchases of treasury shares 150,000
Loans made to affiliated corporations 350,000
Dividends paid to preference shareholders 100,000
Collections from customers -- 2,500,000
Operating expenses paid ----- 500,000
The net cash provided by Operating activities during 2021 is
a. P900,000
b. P1,100,000
c. (P1,100,000)
d. P(1,250,000)
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