ADC Company provided the following information for 2022: Gain on sale of land - P25,000; Proceeds from sale of land - P800,000; Equipment purchased for cash - P675,000; Cash dividends declared - P200,000; Cash dividends paid - P160,000; Treasury share acquired for cash - P310,000; Carrying value of treasury shares sold - PP186,000; Loss on sale of treasury shares - P32,000. What is the net cash provided by investing activities?
ADC Company provided the following information for 2022: Gain on sale of land - P25,000; Proceeds from sale of land - P800,000; Equipment purchased for cash - P675,000; Cash dividends declared - P200,000; Cash dividends paid - P160,000; Treasury share acquired for cash - P310,000; Carrying value of treasury shares sold - PP186,000; Loss on sale of treasury shares - P32,000. What is the net cash provided by investing activities?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
Problem 25E
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ADC Company provided the following information for 2022: Gain on sale of land - P25,000; Proceeds from sale of land - P800,000; Equipment purchased for cash - P675,000; Cash dividends declared - P200,000; Cash dividends paid - P160,000; Treasury share acquired for cash - P310,000; Carrying value of treasury shares sold - PP186,000; Loss on sale of treasury shares - P32,000. What is the net cash provided by investing activities?
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