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Rosemarie, Inc. had the following activities during 2010: . Acquired 2,000 shares of stock in Myra, Inc. for P26,000. Rosemarie intends to hold the stock
Rosemarie, Inc. had the following activities during 2010: . Acquired 2,000 shares of stock in Myra, Inc. for P26,000. Rosemarie intends to hold the stock as a longterm investment. . Sold an investment in Jaypee Motors for P35,000 when the carrying value was P33,000. stion . Acquired a P50,000, four-year certificate of deposit from a bank. (During the year, interest of P3,750 was paid to Rosemarie.) . Collected dividends of P1,200 on stock investments. In Rosemarie's 2010 statement of cash flows, net cash used in investing activities should be? Select one: a. P38,050 b. 39,500 O C P37,250 d. P41,000 Check
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