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Gaisano Center provides the following information for the year 2020 1. Old plant asset sold for P 164,000 and the gain on such sale was
Gaisano Center provides the following information for the year 2020 1. Old plant asset sold for P 164,000 and the gain on such sale was of P 5,000. 2. Treasury stock purchased for P 42,000. 3. Investment purchased for P 25,000 4. A new plant asset purchased for P 115,000 5. Common stock issued for P 375,000 Required: Calculate net cash provided/used by investing activities for Gaisano Center using above information. Problem 2: The following activities were performed by G-Mar Commercial during the year 2020. Treasury stock purchased P 35,000 Accounts payable paid P 585,000 o. Note receivable collected P 50,000 Dividends paid P 190,000 Bonds payable issued P 340,000 Common stock issued P 175,000 Required: Compute net cash provided/used by financing activities to be reported in the statement of cash flows of G-Mar Commercial
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