Beerus Corporation provided the following information on selected transactions during 2017: Proceeds from sale of equipment Purchase of bonds, par P2,000,000 Amortization of bond discount Dividends declared Dividends paid Proceeds from sale of treasury share (carrying amount of P650,000) Purchase of land by issuing bonds Loans made to affiliated corporations Amortization of patent Proceeds from issuing preference share How much would be the net cash provided (used) by investing activities? A. 2,660,000 B. 2,260,000 C. 2,100,000 D. 1,700,000

Beerus Corporation provided the following information on selected transactions during 2017: Proceeds from sale of equipment Purchase of bonds, par P2,000,000 Amortization of bond discount Dividends declared Dividends paid Proceeds from sale of treasury share (carrying amount of P650,000) Purchase of land by issuing bonds Loans made to affiliated corporations Amortization of patent Proceeds from issuing preference share How much would be the net cash provided (used) by investing activities? A. 2,660,000 B. 2,260,000 C. 2,100,000 D. 1,700,000

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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