3. What amount should be reported as cash balance atyear-end?a. 3,400,000b. 1,600,000c. 1,400,000d. 2,400,000 Problem 10-2 (IAA)Star Company provided the following data for thepreparation of statement of cash flows for the current year:Cash balance, beginningCash paid to purchase inventory.1,500,0007,800,0002,500,000Cash received from sale of trading securitiesCash paid for interest-on bank loan450,0001,000,000Cash paid to repay principal amount of bank loanCash collected from customers10,000,0001,200,000Cash received from issuance of ordinary sharesCash paid for dividend2,000,000Cash paid for income taxes1,350,000Cash paid to purchase trading securities1,000,000

Statement of cash flow (CFS) refers to a financial statement of the company which shows the flows of…

Answered: 3. What amount should be reported as…

Business

Accounting

3. What amount should be reported as cash balance at year-end? a. 3,400,000 b. 1,600,000 c. 1,400,000 d. 2,400,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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