With the information given below from ABC Ltd,prepare cash flow from financing activities. 1. Redemption of short term deposit amounting to P400,000 2.Proceeds from issue of equity share capital is P2,000,000 3. Govt. bond interest received is P70,000 4.Purchase of Goodwill was P1,300,000 5.Sale of patent proceeds was P500,000 6. Proceeds of P1,200,000 from long term borrowing 7. Redemption of debentures paid P2, 200,000 8. Underwriting commission of P40,000 9. Interest paid of P144,000 on long term borrowings

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
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Problem 12.24MCE
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With the information given below from ABC Ltd,prepare cash flow from
financing activities.
1. Redemption of short term deposit amounting to P400,000
2.Proceeds from issue of equity share capital is P2,000,000
3. Govt. bond interest received is P70,000
4. Purchase of Goodwill was P1,300,000
5. Sale of patent proceeds was P500,000
6. Proceeds of P1,200,000 from long term borrowing
7. Redemption of debentures paid P2,200,000
8. Underwriting commission of P40,000
9.Interest paid of P144,000 on long term borrowings
Transcribed Image Text:With the information given below from ABC Ltd,prepare cash flow from financing activities. 1. Redemption of short term deposit amounting to P400,000 2.Proceeds from issue of equity share capital is P2,000,000 3. Govt. bond interest received is P70,000 4. Purchase of Goodwill was P1,300,000 5. Sale of patent proceeds was P500,000 6. Proceeds of P1,200,000 from long term borrowing 7. Redemption of debentures paid P2,200,000 8. Underwriting commission of P40,000 9.Interest paid of P144,000 on long term borrowings
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