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Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning Cash paid to purchase inventory 1,500,000 7,800,000 2,500,000 Cash received from sale of trading securities Cash paid for interest-on bank loan 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 1,350,000 Cash paid for income taxes Cash paid to purchase trading securities 1,000,000

Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning Cash paid to purchase inventory 1,500,000 7,800,000 2,500,000 Cash received from sale of trading securities Cash paid for interest-on bank loan 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 1,350,000 Cash paid for income taxes Cash paid to purchase trading securities 1,000,000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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2. What amount should be reported as net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000
Transcribed Image Text:2. What amount should be reported as net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000
Problem 10-2 (IAA) Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning Cash paid to purchase inventory. 1,500,000 7,800,000 2,500,000 Cash received from sale of trading securities Cash paid for interest-on bank loan 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000
Transcribed Image Text:Problem 10-2 (IAA) Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning Cash paid to purchase inventory. 1,500,000 7,800,000 2,500,000 Cash received from sale of trading securities Cash paid for interest-on bank loan 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000
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