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What is the amount of investing net cash outflows

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Reference no: EM132823408

The following information has been compiled from the accounting records of Misha company for the year ended December 31, 20A:

Purchase of inventory 1,170,000
Purchase of Land, with the vendor financing P600,000 for 2 years 2,100,000
Purchase of plant for cash 1,500,000
Sale of plant:
Book value 300,000
Cash Proceeds 240,000
Buyback of ordinary shares 420,000

Problem 1: What is the amount of investing net cash outflows that would be reported in the 20A statement of cash flows?

Reference no: EM132823408

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