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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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
100,000
1,800,000
20,000
450,000
380,000
750,000
400,000
560,000
50,000
640,000
How much would be the net cash provided (used) by investing activities?
A. 2,660,000
В. 2,260,000
С. 2,100,000
D. 1,700,000
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