A Company had the following activities during the current period: Acquired investment in ordinary shares classified as FA@VTOCI for P3,000,000. Sold investment in trading securities for P4,500,000 when the carrying amount was P3,800,000. Acquired a P5,000,000 one-year certificate of deposit from a bank. During the year, interest of P400,000 was received from the bank. Collected dividends of P800,000 on investments in equity securities. In the current period statement of cash flows, net cash used in investing activities should be

A Company had the following activities during the current period: Acquired investment in ordinary shares classified as FA@VTOCI for P3,000,000. Sold investment in trading securities for P4,500,000 when the carrying amount was P3,800,000. Acquired a P5,000,000 one-year certificate of deposit from a bank. During the year, interest of P400,000 was received from the bank. Collected dividends of P800,000 on investments in equity securities. In the current period statement of cash flows, net cash used in investing activities should be

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6BE

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