1. VEXANA Company reported net income of P4,500,000 during 2021. In addition, the Company also reported the following financial transactions for the year 2021: Amounts lent to other entities P8,000,000 Fair value of land contributed by a shareholder 4,000,000 Proceeds from issuance of bonds payable 12,000,000 Payments to acquire FVTOCI investments 3,000,000 Proceeds from the sale of amortized cost 7,500,000 investments Payments to acquire FVTPL investments 2,000,000 Payments in acquiring Company's own shares 900,000 Proceeds from issuing its ordinary shares 10,000,000 Acquisition of a two-month time deposit 500,000 Declaration of cash dividends 1,200,000 Payments of cash dividends 800,000 Based solely on this information, determine the net amount of cash inflow or outflow from investing activities A. P4,200,000 inflow B. P3,750,000 inflow C. P3,500,000 outflow D. P4,300,000 outflow

1. VEXANA Company reported net income of P4,500,000 during 2021. In addition, the Company also reported the following financial transactions for the year 2021: Amounts lent to other entities P8,000,000 Fair value of land contributed by a shareholder 4,000,000 Proceeds from issuance of bonds payable 12,000,000 Payments to acquire FVTOCI investments 3,000,000 Proceeds from the sale of amortized cost 7,500,000 investments Payments to acquire FVTPL investments 2,000,000 Payments in acquiring Company's own shares 900,000 Proceeds from issuing its ordinary shares 10,000,000 Acquisition of a two-month time deposit 500,000 Declaration of cash dividends 1,200,000 Payments of cash dividends 800,000 Based solely on this information, determine the net amount of cash inflow or outflow from investing activities A. P4,200,000 inflow B. P3,750,000 inflow C. P3,500,000 outflow D. P4,300,000 outflow

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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Subject: accounting