The following information was taken from the accounting records of ATLANTA Company for the year ended December 31, 2021:

Net income during the year, P2,250,000
Proceeds from the issuance of preference shares, P4,000,000
Dividends paid on preference shares, P400,000
Bonds payable converted to ordinary shares, P2,000,000
Payment for purchase of machinery, P500,000
Proceeds from sale of plant building, P1,200,000
Retirement of bonds payable at face value, P2,500,000
2% bonus issue on ordinary shares, P300,000
Purchase of ordinary treasury shares, P120,000
Payment for the purchase of debt securities at amortized cost, P450,000
Gain on sale of plant building, P200,000
Depreciation expense, P188,000
Doubtful accounts expense, P87,000
Increase in accounts receivable, P325,000
Decrease in merchandise inventory, P129,000
Increase in investments in equity securities at FVTPL, P440,000
Increase in accounts payable, P90,000
Decrease in accrued expenses, P225,000
Increase in income tax payable, P117,000

How much is the net cash from/(used in) operating activities?
How much is the net cash from/(used in) investing activities?
How much is the net cash from/(used in) financing activities?
Assume that the cash and cash equivalents at January 1, 2021 amounted to P550,000. How much is the cash and cash equivalents at December 31, 2021?

Answer rating: 100% (QA)

Step 1 Introduction The statement of the cash flow assesses the way a company manages its cash posit... View the full answer