Lax Company provided the following information during the current year. Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 400,000 300,000 1,800,000 1. What is the net cash provided by operating activities Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, beginning for the current year using direct method? 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. 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 500,000 d. с. 0.
Lax Company provided the following information during the current year. Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 400,000 300,000 1,800,000 1. What is the net cash provided by operating activities Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, beginning for the current year using direct method? 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. 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 500,000 d. с. 0.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 17E
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