ACCOUNTING
Alpha Company had the following activities during the year:
Acquired 2,000 shares of Maybel Corporation for P260,000.
Sold an investment in Rate Motors for P350,000 when the carrying amount was P330,000.
Acquired a P500,000, 4-year certificate of deposit from a bank.
During the year, interest of P37,500 was paid to Alpha.
Collected dividends of P12,000 on share investment.
What is the net cash used in investing activities?
1 360,500
2 372,500
3 410,000
4 398,000
Homework Answers
Net Cash Used in Investing activity
Shares acquisition -260000
Investment sold 350000
4 years bond purchase -500000
Cash used in Investing activity -410000
Entries
1 Maybul Corporation Shares 260000
To Cash /Bank 260000
2 Cash /Bank 350000
To Investment 350000
3 Deposit 500000
To Cash /Bank 500000
4 Not an investing activity Interest 37500
To Cash /Bank 37500
5 Not an investing activity Cash / Bank 12000
To Dividend Income 12000
COMPLE THE ANSWER SAT 1.5 SAT 1.6 SAT 1.7 SAT 1.8 SAT 1.9 SAT 1.10 During...
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COMPLE THE ANSWER
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SAT 1.6
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During the year 2020, the Belleview Company had generated total sales revenue of P1,000,000, of which P990,000 were collected during the year, including collections of P120,000 sales revenue made in 2019. The company purchased goods costing P600,000, paid P650,000 to merchandise suppliers including payment for goods purchases in 2019 of P80,000. Included in P180,000 operating expenses was depreciation of P35,000. Accrued operating expenses decreased by...
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SAT 1.5
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SAT 1.10
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