1. Los Angeles Company provided the following information during the current information. What amount should be reported as net cash provided by operating activities using direct method?a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 Dividend received500,000Dividend paid1,000,0009,000,000Cash received from customersProceeds from issuing share capital1,500,000Interest received200,000Proceeds from sale of long-term investmentsCash paid to suppliers and employeesInterest paid on long term debtIncome taxes paidCash balance, January 12,000,0006,000,000400,000300,0001,800,000

Cash flow statement provided information about the cash inflows and cash outflows of the…

Los Angeles Company provided the following information during the current information. What amount should be reported as net cash provided by operating activities using direct method? a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000

Los Angeles Company provided the following information during the current information. What amount should be reported as net cash provided by operating activities using direct method? a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter14: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

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Question

1. Los Angeles Company provided the following information during the current information. What amount should be reported as net cash provided by operating activities using direct method?

a. 3,000,000

b. 3,300,000

c. 2,700,000

d. 2,000,000

Dividend received
500,000
Dividend paid
1,000,000
9,000,000
Cash received from customers
Proceeds from issuing share capital
1,500,000
Interest received
200,000
Proceeds from sale of long-term investments
Cash paid to suppliers and employees
Interest paid on long term debt
Income taxes paid
Cash balance, January 1
2,000,000
6,000,000
400,000
300,000
1,800,000

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