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OSE Merchandising, owned and managed by Ose Blanco, presented the following informations for the year ended December 31, 2020: Proceeds from sales of short
OSE Merchandising, owned and managed by Ose Blanco, presented the following informations for the year ended December 31, 2020: Proceeds from sales of short term investment Classified as cash equivalents 1,500,000.00 Purchase of bonds from Domestic company (Face value, P3,000,000.00) 3,200,000.00 Collections from customers 4,000,000.00 Proceeds from sale of machinery 500,000.00 Interest received on bonds OSE, Drawing Collected dividends on stock investment 150,000.00 400,000.00 100,000.00 Payment to supplies Taxes on income paid 1,500,000.00 200,000.00 2,500,000.00 1,500,000.00 400,000.00 Borrowings from the bank Additional investment of OSE Acquisition of equipment REQUIRED: PERFORM THE FOLLOWING: 1. Determine the cash flows provided(used) using the preferential treatment by the ff: a. Operating activities b. Financing activities c. Investing activities 2. Prepare the statement of cash flow.
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