Reference no: EM132683987

LKLD Company uses the direct method to prepare its statement of cash flows. LKLD had the following cash flows during 2020:

Cash receipts from sale of an old van P 160,000

Cash receipts from issuance of ordinary shares 2,000,000

Cash receipts from issuance of 10%, 10 year bonds 1,500,000

Cash receipts from customers 1,000,000

Cash receipts from repayment of loan made to other company 1,200,000

Cash receipts for dividends 150,000

Cash receipts as interest 150,000

Cash payment for operating expenses 650,000

Cash payments for taxes 300,000

Cash payments for equity securities bought 900,000

Cash payments for equipment purchased 300,000

Cash payment for land purchased 1,200,000

Problem 1: What is the net cash provided (used) from investing activities?

a. (P1,040,000)

b. (P2,240,000)

c. P1,640,000

d. P1,940,000