Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning 1,500,000 7,800,000 Cash paid to purchase inventory 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 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 3. What is the cash balance at year-end? a. 3,400,000, b. 1,600,000 c. 1;400,000 d. 2,400,000

Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning 1,500,000 7,800,000 Cash paid to purchase inventory 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 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 3. What is the cash balance at year-end? a. 3,400,000, b. 1,600,000 c. 1;400,000 d. 2,400,000

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter22: End-of-fiscal-period Work For A Corporation

Section: Chapter Questions

Problem 3AP

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