Reference no: EM132708863
During 2020, Pyramid Co. had the following activities related to its company activities:
Cash receipts from sale of goods 4,500,000
Cash payments to suppliers 1,900,000
Cash collected from rent revenue 600,000
Cash payments of distribution expenses 500,000
Cash payment for insurance 300,000
Cash payments to purchase land 3,000,000
Cash proceed from sale of equipment 2,000,000
Purchase of equipment by issuing bonds 1,800,000
Proceeds from issuance of ordinary shares 1,300,000
Proceeds from issuance of preference shares 800,000
Cash dividends on preference shares paid 700,000
Purchase of treasury shares 1,100,000
Proceeds from sale of plant 1,500,000
Problem 1. The amount of net cash used in operating activities to appear at Pyramid's statement of cash flows for 2020 should be:
a. 2,400,000
b. 2,500,000
c. 2,700,000
d. 2,600,000
Problem 2. The amount of net cash used in investing activities to appear at Pyramid's statement of cash flows for 2020 should be:
a. 400,000
b. 500,000
c. 600,000
d. 700,000
Problem 3. The amount of net cash used in financing activities to appear at Pyramid's statement of cash flows for 2020 should be:
a. 350,000
b. 400,000
c. P 300,000 d.
P 450,000
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