Reference no: EM133184571
Question - Faye Company provided the following data for the current year
Gain on sale of equipment 60,000
Proceeds from sale of equipment 100,000
Purchase of bond investment with face amount P2,000,000 1,800,000
Amortization of bond discount 20,000
Dividend declared 450,000
Dividend paid 380,000
Proceeds from sale of treasury shares costing P650,000 750,000
Required -
1. What is the net cash provided by financing activities?
a. 200,000 c. 300,000 b. 270,000 d. 370,000
2. What is the net cash used in investing activities?
a. 1,700,000 C. 1,880,000 b. 1,760,000 d. 1,940,000