Love Corporation's accounting records and financial statements for 2021 is asfollows:Cash paid to acquire machineryRetired share capitalP32,000,00051,000,00095,000,00050,000,00072,000,00085,000,000Proceeds from sale of landGain from the sale of landInvestment revenue receivedCash paid to acquire office equipmentIn its statement of cash flows, the company should report net cash flows frominvesting activities of:

Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

Answered: In its statement of cash flows, the…

Business

Accounting

In its statement of cash flows, the company should report net cash flows from investing activities of:

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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Question

Love Corporation's accounting records and financial statements for 2021 is as
follows:
Cash paid to acquire machinery
Retired share capital
P
32,000,000
51,000,000
95,000,000
50,000,000
72,000,000
85,000,000
Proceeds from sale of land
Gain from the sale of land
Investment revenue received
Cash paid to acquire office equipment
In its statement of cash flows, the company should report net cash flows from
investing activities of:

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