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Nos. 9 and 10 are based on the following information. Kollar's Corp. transactions tor the year ended Dec. 31, 2021 included the following: *Purchased real
Nos. 9 and 10 are based on the following information. Kollar's Corp. transactions tor the year ended Dec. 31, 2021 included the following: *Purchased real estate for P550,000 cash with cash borrowed from a bank. *Sold investment securities for P500,000. Related loss was 25,000 . *Paid dividends of P600,000. *Issued 500 shares of common stock for P250,000. *Purchased machinery and equipment for P125,000 cash. *Paid P450,000 toward a bank loan. Paid P50,000 interest expense(excluding principal). *Reduced accounts receivable by P100,000. *Increased accounts payable by P200,000. 9. Kollar's net cash used in investing activities for 2021 was a.P675,000 c. P175,000 e. None of these; answer is b.P375,000 d. P50,000 10. Kollar's net cash used in financing activities for 2021 was a.P50,000 c. P450,000 e. None of these; answer is b.P250,000 d. P500,000
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