Sept Huit Corporation provided the following data for the preparation of the statement of cash flows for the current year using the direct method: Cash Balance, January 1 Cash paid to purchase inventory Cash received from sale of building |C'ash paid for interest on long-term loan Cash paid to repay a long-term loan Cash collected from customers Cash received from issuance of ordinary shares Cash paid for dividends Cash paid for income taxes Cash paid to purchase machinery What is he net cash flow from operating activities? 1,500,000 7,800,000 5,600,000 450,000 1,000,000 10,000,000 1,200,000 780,000 1,320,000 1,950,000

Sept Huit Corporation provided the following data for the preparation of the statement of cash flows for the current year using the direct method: Cash Balance, January 1 Cash paid to purchase inventory Cash received from sale of building |C'ash paid for interest on long-term loan Cash paid to repay a long-term loan Cash collected from customers Cash received from issuance of ordinary shares Cash paid for dividends Cash paid for income taxes Cash paid to purchase machinery What is he net cash flow from operating activities? 1,500,000 7,800,000 5,600,000 450,000 1,000,000 10,000,000 1,200,000 780,000 1,320,000 1,950,000

Name: Sept Huit Corporation provided the following data for the preparation
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Description: Sept Huit Corporation provided the following data for the preparation of the statement of cash flows for thecurrent year using the direct method:Cash Balance, January 1Cash paid to purchase inventoryCash received from sale of buildingC'ash paid for

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.17E

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