Answer and show your solution

Problem 11-6 (AICPA Adapted) Alpha Company had the following activities d during the current year: .Acquired 2,000 shares as investment for P26 . Sold an investment for P3,500,000 when th000 2,600,000 b fsrhen h yinn amount was P3,300,000. Acquired a P5,000,000, 4-year certificate of de a bank. During the year, interest of P375,000 wa eposit paid to Alpha Collected dividends of P120,000 on share iny In the statement of cash flows, what amount s hould reported as net cash used in investing activities? u be . 3,725,000 b. 3,805,000 c. 3,980,000 d. 4,100,000 Problem 11-7 (AICPA Adapted) During the current year, Beta Company had the fo llowing activities related to financial operations: Payment for the early extinguishment of long-term bonds payable with carrying amount of P7,400,000 in prior year converted into ordinary shares 7500.00 Paymentin the current year of cash dividend declared Carrying amount of convertible preference shares Proceeds from sale of treasury shares with carrying 620,000 carrying1.2000 950,000 amount at cost P860,000 In the statement of cash flows for the current year, what amount should be reported as net cash used in financing activities? a. 7,170,000 b. 7,160,000 c. 5,970,000 d. 5,350,000 258