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What amount reported as net cash provided by investing

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Question - Jarvis Company reported net income of P340,000 for the year ended December 31, 2021 which included depreciation expense of P84,000 and a loss on sale of equipment of P20,000. The equipment had historical cost of P400,000 and accumulated depreciation of P240,000. Each of the following accounts increased during 2021:

Patent P45,000

Prepaid rent 68,000

Investment at FVTPL 10,000

Bonds Payable 50,000

Required - What amount should be reported as net cash provided by investing activities?

Reference no: EM133148713

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