Intermediate Accounting 3 ( Statement of Cash Flows, Book Value Per…
Question Answered step-by-step Intermediate Accounting 3 ( Statement of Cash Flows, Book Value Per… Intermediate Accounting 3 (Statement of Cash Flows, Book Value Per Share, and Earnings Per Share) – Choose the CORRECT ANSWER.Question 8Use the following information for the next three questions:The comparative statement of financial position and statement of comprehensive income of Dior Company on December 31, 2023 are shown below:Additional information:Equipment with carrying amount of P240,000 was sold for P200,000 resulting to a loss on sale of P40,000.Acquisition of equipment for cash amounted to P800,000.Owner drawings totalled P90,000.How much is the cash flows from (used in) operating activities?a. P930,000b. (P930,000)c. P400,000d. (P400,000)Question 9How much is the cash flows from (used in) investing activities?a. P600,000b. (P600,000)c. P400,000d. (P400,000)Question 10How much is the cash flows from (used in) financing activities?a. P440,000b. (P440,000)c. P90,000d. (P90,000) Accounting Business Financial Accounting ACCOUNTING 320 Share QuestionEmailCopy link Comments (0)