Reference no: EM132730215
Questions -
Question 1 - 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 P160,000
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
Required - What is the net cash provided (used) from investing activities?
a. (P1,040,000)
d. (P2,240,000)
b. P1,640,000
c. P1,940,000
Question 2 - Eve Company uses the direct method to prepare its statement of cash flows. Eve had the following cash flows during 2020:
Cash receipts from issuance of bonds P800,000
Cash receipts from issuance of ordinary shares 1,400,000
Cash receipts from customers 700,000
Cash receipts from dividends on long term investments 105,000
Cash receipts from repayment of loan made to another company 660,000
Cash payments for wages & other operating expenses 420,000
Cash payments for reacquisition of treasury shares 250,000
Cash payments for dividends 70,000
Cash payments for taxes 140,000
Cash payments for purchase of land 280,000
Required - What is the net cash provided (used) from financing activities?
d. P1,950,000
b. P1,670,000
a. P1,530,000
c. P1,880,000
Question 3 - Combate Company provided the following relevant information involving its operating activities for the year ended December 31, 2020
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12/31/2019
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12/31/2020
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Accrued interest payable recognized
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P40,000
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P50,000
|
|
Depreciation expense recognized
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72,800
|
75,600
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|
Prepaid expenses recognized
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3,100
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4,940
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For the year ended December 31, 2020, Combate Company reported a net income after tax of P648,000.
Required - What is the net cash flow from operating activities that would be shown in its cash flow statement?
a. P731,760
b. P735,440
c. P637,080
d. P637,040