Poblem 17-22 and 17-23 answer? Problem 17-22 (IFRS)Matthew Company provided the following information for they1000000current year:Purchase of inventoryPurchase of land, with the vendor financing P1,000,000for 2 yearsPurchase of plant for cashSale of plant:Carrying amountCash proceedsBuyback of ordinary shares1,950,000ent3,500,0002,500,000"0)O)0)500,000400,000700,000What amount of investing net cash outflows should bereported in the statement of cash flows for the current year?a. 5,600,000be 4,600,000c. 6,550,000d. 5,300,000Problem 17-23 (IFRS)Nellie Company provided the following information at the endof each year:20202019BorrowingsShare capitalRetained earnings2,500,0003,500,000950,000800,0002,000,000750,000Borrowings of P300,000 were repaid during 2020 and newborrowings include P200,000 vendor financing arising on theacquisition of a property.The movement in retained earnings comprised profit for 2020of P900,000, net of dividends of P700,000. The movement inshare capital arose from issuance of share capital for cash duringthe year.What amount should be reported as financing net oash inflowsfor the current year?a. 2,400,000b. 2,200,000c. 2,500,000d, 2,300,000529

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Problem 17-22 (IFRS) Matthew Company provided the following information for the current year: Purchase of inventory urchase of land, with the vendor financing P1,000,000 for 2 years Purchase of plant for cash Sale of plant: Carrying amount Cash proceeds Buyback of ordinary shares 1,950,000 3,500,000 2,500,000 500,000 400,000 700,000 What amount of investing net cash outflows should be reported in the statement of cash flows for the current year? a. 5,600,000 be 4,600,000 C. 6,550,000 d. 5,300,000

Problem 17-22 (IFRS) Matthew Company provided the following information for the current year: Purchase of inventory urchase of land, with the vendor financing P1,000,000 for 2 years Purchase of plant for cash Sale of plant: Carrying amount Cash proceeds Buyback of ordinary shares 1,950,000 3,500,000 2,500,000 500,000 400,000 700,000 What amount of investing net cash outflows should be reported in the statement of cash flows for the current year? a. 5,600,000 be 4,600,000 C. 6,550,000 d. 5,300,000

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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