1. Determine the ending cash balance for the year a. P 3,430,000b. P 3,280,000c. P 3,000,000d. Cannot be determined from the given data 2. Determine the net cash used in financing activities a. P 495,000b. P 375,000c. P 120,000d. Cannot be determined from the given data Alpha Corp. has the following activities during the year- Acquired 2,000 shares of Charlie Company for P 2,600,000- Sold an investment in Papa Motors for P 3,500,000 when the carryingvalue was P 3,300,000- Acquired a P 5,000,000, 4-year certificated of deposit from a bank.During the year, interest of P 375,000 was paid to Alpha- Paid dividends of P 120,000 for the year

1. Ending Cash Balance can't be determined with the data given. 2. Calculation of Cash used in…

1. Determine the ending cash balance for the year a. P 3,430,000 b. P 3,280,000 c. P 3,000,000 d. Cannot be determined from the given data 2. Determine the net cash used in financing activities a. P 495,000 b. P 375,000 c. P 120,000 d. Cannot be determined from the given data

1. Determine the ending cash balance for the year a. P 3,430,000 b. P 3,280,000 c. P 3,000,000 d. Cannot be determined from the given data 2. Determine the net cash used in financing activities a. P 495,000 b. P 375,000 c. P 120,000 d. Cannot be determined from the given data

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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Question

1. Determine the ending cash balance for the year

a. P 3,430,000

b. P 3,280,000

c. P 3,000,000

d. Cannot be determined from the given data

2. Determine the net cash used in financing activities

a. P 495,000

b. P 375,000

c. P 120,000

d. Cannot be determined from the given data

Alpha Corp. has the following activities during the year
- Acquired 2,000 shares of Charlie Company for P 2,600,000
- Sold an investment in Papa Motors for P 3,500,000 when the carrying
value was P 3,300,000
- Acquired a P 5,000,000, 4-year certificated of deposit from a bank.
During the year, interest of P 375,000 was paid to Alpha
- Paid dividends of P 120,000 for the year

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