he following information was taken from the accounting records of BT21, Inc. for 2021: ·        Proceeds from issuance of preferred shares, P800,000 ·        Bonds payable converted to ordinary shares, P200,000 ·        Proceeds from sale of plant building, P1,000,000 ·        Gain on sale of plant building, P100,000 ·        Dividends paid on preference shares P50,000 ·        Payment for purchase of machinery, P200,000 ·        2% bonus issue on ordinary shares, P300,000 How much is the net cash flow from investing activities and cash flow from investing activities during 2021, respectively?   A. P800,000; P750,000 B. P800,000; P950,000 C. P900,000; P750,000

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
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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The following information was taken from the accounting records of BT21, Inc. for 2021:

·        Proceeds from issuance of preferred shares, P800,000

·        Bonds payable converted to ordinary shares, P200,000

·        Proceeds from sale of plant building, P1,000,000

·        Gain on sale of plant building, P100,000

·        Dividends paid on preference shares P50,000

·        Payment for purchase of machinery, P200,000

·        2% bonus issue on ordinary shares, P300,000

How much is the net cash flow from investing activities and cash flow from investing activities during 2021, respectively?

 

A. P800,000; P750,000

B. P800,000; P950,000

C. P900,000; P750,000

D. P900,000; P950,000

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