formation during Lace Company provided the following the current year: 500,000 Dividend received 1,000,000 Dividend paid 9,000,000 Cash received from customers 1,500,000 Proceeds from issuing share capital Interest received 200,000 2,000,000 6,000,000 Proceeds from sale of long term investments Cash paid to suppliers and employees 400,000 Interest paid on long term debt 300,000 Income taxes paid 1,800,000 Cash balance, January 1 1. What is the net cash provided by operating activities? 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. 0 3. What is the net cash provided by financing activities? . a. 1,500,000 b. 1,000,000 C. 500,000 d. 0 4. What is the cash balance on December 31? a. 6,300,000 b. 5,500,000 c. 4,800,000 d. 7,300,000

formation during Lace Company provided the following the current year: 500,000 Dividend received 1,000,000 Dividend paid 9,000,000 Cash received from customers 1,500,000 Proceeds from issuing share capital Interest received 200,000 2,000,000 6,000,000 Proceeds from sale of long term investments Cash paid to suppliers and employees 400,000 Interest paid on long term debt 300,000 Income taxes paid 1,800,000 Cash balance, January 1 1. What is the net cash provided by operating activities? 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. 0 3. What is the net cash provided by financing activities? . a. 1,500,000 b. 1,000,000 C. 500,000 d. 0 4. What is the cash balance on December 31? a. 6,300,000 b. 5,500,000 c. 4,800,000 d. 7,300,000

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 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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