Ben John Corporation provided the following information on selected transactions during 2021: Purchase of land by issuing bonds, P400,000; proceeds from issuing bonds, P800,000; purchases of inventories, P1,520,000; purchases of treasury shares, P240,000; loans made to affiliated corporations, P560,000; dividends paid to preference shareholders, P160,000; proceeds from issuing preference share, P640,000; and proceeds from sale of equipment, P80,000. How much would be the net cash provided by financing activities? Blank 1 Blank 1 Add your answer

Ben John Corporation provided the following information on selected transactions during 2021: Purchase of land by issuing bonds, P400,000; proceeds from issuing bonds, P800,000; purchases of inventories, P1,520,000; purchases of treasury shares, P240,000; loans made to affiliated corporations, P560,000; dividends paid to preference shareholders, P160,000; proceeds from issuing preference share, P640,000; and proceeds from sale of equipment, P80,000. How much would be the net cash provided by financing activities? Blank 1 Blank 1 Add your answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Napier Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds, P250,000; Proceeds from issuing bonds, P500,000; Purchases of inventory, P950,000; Purchases of treasury shares, P150,000; Loans made to affiliated corporations, P350,000; Dividends paid to preference shareholders, P100,000; Proceeds from issuing preference share, P400,000; Proceeds from sale of equipment, P50,000. The net cash provided by financing activities during 2021 is (A P650,000. (B) P800,000. P900,000. D P550,000.
Napier Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds, P250,000; Proceeds from issuing bonds, P500,000; Purchases of inventory, P950,000; Purchases of treasury shares, P150,000; Loans made to affiliated corporations, P350,000; Dividends paid to preference shareholders, P100,000; Proceeds from issuing preference share, P400,000; Proceeds from sale of equipment, P50,000. The net cash provided (used) by investing activities during 2021 is A P(300,000). B P(1,250,000). c) P50,000. (D) P(550,000).
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