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
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
· 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
A. P800,000; P750,000
B. P800,000; P950,000
C. P900,000; P750,000
D. P900,000; P950,000
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