An entity provided the following information for the current year: Dividend received 500,000 Dividend paid 2,000,000 Cash received from customers 9,000,000 Cash paid to suppliers and employees 6,000,000 Interest received 200,000 Interest paid on long-term debt 400,000 Proceeds from issuing share capital 4,000,000 Proceeds from sale of long-term investments 2,000,000 Cash paid for equity investment at FVOCI 3,500,000 Cash paid for equity investment held for trading 1,000,000 Income taxes paid 300,000 Proceeds from long-term debt 2,500,000 Cash balance – beginning 1,500,000 28. What is the net cash provided by operating activities? a. 3,300,000 b. 3,000,000 c. 2,700,000 d. 2,000,000 29. What is the net cash used in investing activities? a. 3,500,000 b. 2,000,000 c. 1,500,000 d. 500,000 30. What is the net cash provided by financing activities? a. 4,100,000 b. 2,000,000 c. 6,500,000 d. 4,500,000 31. What is the ending cash balance? a. 6,500,000 b. 5,000,000 c. 9,500,000 d. 8,000,000
An entity provided the following information for the current year:
|
Dividend received |
500,000 |
|
Dividend paid |
2,000,000 |
|
Cash received from customers |
9,000,000 |
|
Cash paid to suppliers and employees |
6,000,000 |
|
Interest received |
200,000 |
|
Interest paid on long-term debt |
400,000 |
|
Proceeds from issuing share capital |
4,000,000 |
|
Proceeds from sale of long-term investments |
2,000,000 |
|
Cash paid for equity investment at FVOCI |
3,500,000 |
|
Cash paid for equity investment held for trading |
1,000,000 |
|
Income taxes paid |
300,000 |
|
Proceeds from long-term debt |
2,500,000 |
|
Cash balance – beginning |
1,500,000 |
28. What is the net cash provided by operating activities?
a. 3,300,000
b. 3,000,000
c. 2,700,000
d. 2,000,000
29. What is the net cash used in investing activities?
a. 3,500,000
b. 2,000,000
c. 1,500,000
d. 500,000
30. What is the net cash provided by financing activities?
a. 4,100,000
b. 2,000,000
c. 6,500,000
d. 4,500,000
31. What is the ending cash balance?
a. 6,500,000
b. 5,000,000
c. 9,500,000
d. 8,000,000
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