BC Co. provided the following information on selected transactions during 2021: Proceeds from issuing preference share 300,000 Proceeds from sale of equipment 400,000 Purchase of land by issuing bonds
BC Co. provided the following information on selected transactions during 2021: Proceeds from issuing preference share 300,000 Proceeds from sale of equipment 400,000 Purchase of land by issuing bonds
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 Financing 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 Financing activities during 2021 is
a. P550,000
b. 650,000
c. P800,000
d. P900,000
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