Lace Company provided the following information during the current year: 500,000 Dividend received 1,000,000 Dividend paid 9,000,000 Cash received from customers 1,500,000 Proceeds from issuing share capital 200,000 Interest received 2,000,000 6,000,000 Proceeds from sale of long term investments Cash paid to suppliers and employees 400,000 Interest paid on long term debt 300,000 Income taxes paid 1,800,000 Cash balance, January 1 1. What is the net cash provided by operating activities? a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 2. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. 0 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 C. 500,000 d. 0 4. What is the cash balance on December 31? a. 6,300,000 b. 5,500,000 c. 4,800,000 d. 7,300,000
Lace Company provided the following information during the current year: 500,000 Dividend received 1,000,000 Dividend paid 9,000,000 Cash received from customers 1,500,000 Proceeds from issuing share capital 200,000 Interest received 2,000,000 6,000,000 Proceeds from sale of long term investments Cash paid to suppliers and employees 400,000 Interest paid on long term debt 300,000 Income taxes paid 1,800,000 Cash balance, January 1 1. What is the net cash provided by operating activities? a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 2. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. 0 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 C. 500,000 d. 0 4. What is the cash balance on December 31? a. 6,300,000 b. 5,500,000 c. 4,800,000 d. 7,300,000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 37E: During 20X1, Craig Company had the following transactions: a. Purchased 300,000 of 10-year bonds...
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