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The following information was taken from the accounting records of the company for 2020. Proceeds from issuance of preference shares P4,000,000 Dividends paid on preference shares 400,000 Bonds payable converted to ordinary shares 2,000,000 P ayment for purchase of machinery 500,000 Proceeds from sale of plant building 1,200,000 Retirement of bonds payable 2,500,000 2% bonus issue on ordinary shares 300,000 Purchase of ordinary treasury shares 120,000 Payment for purchase of debtinvestmentat amortized cost 450,000 Gain on sale of plant building 200,000 How much is the net cash flow from investing activities during 2020?

The following information was taken from the accounting records of the company for 2020. Proceeds from issuance of preference shares P4,000,000 Dividends paid on preference shares 400,000 Bonds payable converted to ordinary shares 2,000,000 P ayment for purchase of machinery 500,000 Proceeds from sale of plant building 1,200,000 Retirement of bonds payable 2,500,000 2% bonus issue on ordinary shares 300,000 Purchase of ordinary treasury shares 120,000 Payment for purchase of debtinvestmentat amortized cost 450,000 Gain on sale of plant building 200,000 How much is the net cash flow from investing activities during 2020?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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The following information was taken from the accounting records of the company for 2020.

Proceeds from issuance of preference shares P4,000,000

Dividends paid on preference shares 400,000

Bonds payable converted to ordinary shares 2,000,000 P

ayment for purchase of machinery 500,000

Proceeds from sale of plant building 1,200,000

Retirement of bonds payable 2,500,000

2% bonus issue on ordinary shares 300,000

Purchase of ordinary treasury shares 120,000

Payment for purchase of debtinvestmentat amortized cost 450,000

Gain on sale of plant building 200,000

How much is the net cash flow from investing activities during 2020?

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