The transactions of A Company for the current year included the following: Cash borrowed from bank for purchase of land P6,000,000 Purchase of land for cash 6,000,000 Sale of securities for cash 1,000,000 Dividend declared (of which P2,000,000 was paid during the year) 3,000,000 Issuance of ordinary shares for cash 7,000,000 Payment of bank loan including interest of P500,000 3,500,000 Increase in customers’ deposits 500,000 The current year statement of cash flows should report net cash provided by financing activities at
The transactions of A Company for the current year included the following: Cash borrowed from bank for purchase of land P6,000,000 Purchase of land for cash 6,000,000 Sale of securities for cash 1,000,000 Dividend declared (of which P2,000,000 was paid during the year) 3,000,000 Issuance of ordinary shares for cash 7,000,000 Payment of bank loan including interest of P500,000 3,500,000 Increase in customers’ deposits 500,000 The current year statement of cash flows should report net cash provided by financing activities at
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 53P: Balance sheets for Brierwold Corporation follow: Additional transactions were as follows: a....
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Question
The transactions of A Company for the current year included the following:
|
Cash borrowed from bank for purchase of land |
P6,000,000 |
|
Purchase of land for cash |
6,000,000 |
|
Sale of securities for cash |
1,000,000 |
|
Dividend declared (of which P2,000,000 was paid during the year) |
3,000,000 |
|
Issuance of ordinary shares for cash |
7,000,000 |
|
Payment of bank loan including interest of P500,000 |
3,500,000 |
|
Increase in customers’ deposits |
500,000 |
The current year statement of cash flows should report net cash provided by financing activities at
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