1. Peter Senen uses the direct method to prepare its statement of cash flows: Peter Senen had the following cash flows during 2020: Cash receipts from issuance of ordinary shares P800,000 Cash receipts from customers 400,000 Cash receipts from dividends on long term investments 60.000 Cash receipts from repayment of loan made to another company 440,000 Cash payments for wages & other operating expenses 240.000 Cash payment for insurance 20.000 Cash payment for dividends 40.000 Cash payment for taxes 80.000 Cash payment to purchase land 160.000 What is the net cash provided (used) from operating activities? a. (40.000) b. 60.000 c. 80.000 d. 120 000 2. JYD Company uses the direct method to prepare its statement of cash flows. JYD had the following cash flows during 2020: Cash receipts from sale of n old van P 160,000 Cash receipts from issuance of ordinary shares 2,000,000 Cash receipts from issuance of 10%, 10 year bonds 1,500,000 Cash receipts from customers 1,000,000 Cash receipts from repayment of loan made to other company 1,200,000 Cash receipts for dividends 150,000 Cash receipts as interest 150,000 Cash payment for operating expenses 650,000 Cash payments for taxes 300,000 Cash payments for equity securities bought 900,000 Cash payments for equipment purchased 300,000 Cash payment for land purchased 1,200.000 What is the net cash provided (used) from investing activities? a. (1 040,000) b. 1.640.000 c 1.940.000 d. 12.240,000) 3. Ethel Company uses the direct method to prepare its statement of cash flows. Ethel had the following cash flows during 2020: Cash receipts from issuance of bonds P 800,000 Cash receipts from issuance of ordinary shares 1,400,000 Cash receipts from customers 700,000 Cash receipts from dividends on long term investments 105,000 Cash receipts from repayment of loan made to another company 660,000 Cash payments for wages & other operating expenses 420.000 Cash payments for reacquisition of treasury shares 250,000 Cash payments for dividends 70,000 Cash payments for taxes 140,000 Cash payments for purchase of land 280,000 What is the net cash provided (used) from financing activities? a. 1.530.000 b. 1,670,000 C 1 880,000 d. 1.950.000 4. Combate Company provided the following relevant information involving its operating activities for the year ended December 31, 2020 12/31/2019 12/31/2020 Accrued interest payable recognized P40,000 P50,000 Depreciation expense recognized 72,800 75,600 Prepaid expenses recognized 3,100 4.940 For the year ended December 31, 2020, Combate Company reported a net income after tax of P648,000 What is the net cash flow from operating activities that would be shown in its cash flow statement? a. 637,040 b. 637 080 c. 731.760 d. 735 440