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What is the amount of investing net cash outflows

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Reference no: EM132877658

Question - The following information has been compiled from the accounting records of Misha company for the year ended December 31, 20A:

Purchase of inventory 1,170,000

Purchase of Land, with the vendor financing P600,000 for 2 years 2,100,000

Purchase of plant for cash 1,500,000

Sale of plant:

Book value 300,000

Cash Proceeds 240,000

Buyback of ordinary shares 420,000

Required - What is the amount of investing net cash outflows that would be reported in the 20A statement of cash flows?

Reference no: EM132877658

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