ow much is the net cash flow from financing activities during 2021?

a. P260,000
b. P12,000
c. P(260,000)
d. P(12,000)
Proceeds from issuance of note P250,000
Payment of dividends (300,000)
Payment to retire bonds (370,000)
Repurchase of treasury shares (120,000)
Proceeds from issuance of preference shares 528,000
Net cash flow from financing activities (P12,000)
41. How much should Shell Company’s sinking fund be included in the statement of financial
position of
Sheila Company among its non-current assets on December 31,2021?
a. P5,580,000
b. P5,380,000
c. P3,900,000
d. P3,700,000