400,000 Purchase of land by issuing bonds 250,000 Proceeds from issuing bonds 500,000 Purchases of inventory 900,000 Purchases of treasury shares 150,000 Loans made to affiliated corporations 350,000 Dividends paid to preference shareholders 100,000
400,000 Purchase of land by issuing bonds 250,000 Proceeds from issuing bonds 500,000 Purchases of inventory 900,000 Purchases of treasury shares 150,000 Loans made to affiliated corporations 350,000 Dividends paid to preference shareholders 100,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
BC Co. provided the following information on selected transactions during 2021:
Proceeds from issuingpreference share 300,000
Proceeds from sale of equipment 400,000
Purchase of land by issuing bonds 250,000
Proceeds from issuing bonds 500,000
Purchases of inventory 900,000
Purchases of treasury shares 150,000
Loans made to affiliated corporations 350,000
Dividends paid to preference shareholders 100,000
Collections from customers -- 2,500,000
Operating expenses paid ----- 500,000
The net cash provided by Operating activities during 2021 is
Proceeds from issuing
Proceeds from sale of equipment 400,000
Purchase of land by issuing bonds 250,000
Proceeds from issuing bonds 500,000
Purchases of inventory 900,000
Purchases of treasury shares 150,000
Loans made to affiliated corporations 350,000
Dividends paid to preference shareholders 100,000
Collections from customers -- 2,500,000
Operating expenses paid ----- 500,000
The net cash provided by Operating activities during 2021 is
a. P900,000
b. P1,100,000
c. (P1,100,000)
d. P(1,250,000)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education