PRINCESS Company provided the following information for the year ended December. 2018:600,000225,0001,125,000Cash payment to employeesInterest payment on bank loanCash payment for equipmentCash dividends paidIncerest receivedCash payment to suppliersCash dividends recervedIncome tax paidCash collections from customers300,00075,0001,500,000225,000150,0004,500,000Requited: Compute the net cash provided by operating activities.

Cash flows from operating activities refer to the inflow and outflow of cash related to business…

Answered: Compute the net cash provided by…

Business

Finance

Compute the net cash provided by operating activities.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter9: Payroll, Estimated Payments, And Retirement Plans

Section: Chapter Questions

Problem 11P

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Question

PRINCESS Company provided the following information for the year ended December
. 2018:
600,000
225,000
1,125,000
Cash payment to employees
Interest payment on bank loan
Cash payment for equipment
Cash dividends paid
Incerest received
Cash payment to suppliers
Cash dividends recerved
Income tax paid
Cash collections from customers
300,000
75,000
1,500,000
225,000
150,000
4,500,000
Requited: Compute the net cash provided by operating activities.

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