During the year, an entity had the following activities: Payment for the early payment of long-term bonds payable of P5,000,000 4,000,000 Payment of cash dividend declared in prior year 2,000,000...


 During the year, an entity had the following activities:
























Payment for the early payment of long-term bonds payable of P5,000,000



4,000,000



Payment of cash dividend declared in prior year



2,000,000



Preference share capital converted into ordinary share capital



1,000,000



Proceeds from sale of treasury shares (cost of treasury shares P1,000,000)



1,500,000





            What amount should be reported asnet cash used in financing activities?


a.       4,500,000


b.      3,500,000


c.       2,500,000


d.      5,500,000






Jun 05, 2022
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