B. Multiple Cholce with Computation 1. Ribbon Company provided the following information during the current year: Dividend received 500,000 Dividend paid 1,000,000 Cash received from customers 9,000,000 Proceeds from issuing share capital 1,500,000 Interest received 200,000 Proceeds from sale of long term investments 2,000,000 Cash paid to suppliers and employees 6,000,000 Interest paid on long term debt 400,000 Income taxes paid 300,000 Cash balance January 1 1,800,000 1a. 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 1b. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. -0- 133 1c.. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 c. 500,000 d. -0-
B. Multiple Cholce with Computation 1. Ribbon Company provided the following information during the current year: Dividend received 500,000 Dividend paid 1,000,000 Cash received from customers 9,000,000 Proceeds from issuing share capital 1,500,000 Interest received 200,000 Proceeds from sale of long term investments 2,000,000 Cash paid to suppliers and employees 6,000,000 Interest paid on long term debt 400,000 Income taxes paid 300,000 Cash balance January 1 1,800,000 1a. 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 1b. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. -0- 133 1c.. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 c. 500,000 d. -0-
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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