Fragile Company used the direct method tom prepare the statement of cash flows. The entity had the following cash flows during the current year: Cash receipts from issuance of ordinary shares                                   4,000,000 Cash receipts from customers                                                                2,000,000 Cash receipts from dividends                                                                     300,000 Cash receipts from repayment of loan made to another entity          2,200,000 Cash payments for wages and other operating expenses                    1,200,000 Cash payments for insurance                                                                     100,000 Cash payments for dividends                                                                     200,000 Cash payments for taxes                                                                             400,000 Cash payment to purchase land                                                                 800,000 Cash balance – beginning                                                                        3,500,000 What amount should be reported as net cash provided by investing activities? a. 2,200,000 b. 1,400,000 c. 3,000,000 d. 800,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Fragile Company used the direct method tom prepare the statement of cash flows. The entity had the following cash flows during the current year:

Cash receipts from issuance of ordinary shares                                   4,000,000
Cash receipts from customers                                                                2,000,000
Cash receipts from dividends                                                                     300,000
Cash receipts from repayment of loan made to another entity          2,200,000
Cash payments for wages and other operating expenses                    1,200,000
Cash payments for insurance                                                                     100,000
Cash payments for dividends                                                                     200,000
Cash payments for taxes                                                                             400,000
Cash payment to purchase land                                                                 800,000
Cash balance – beginning                                                                        3,500,000

What amount should be reported as net cash provided by investing activities?

a. 2,200,000
b. 1,400,000
c. 3,000,000
d. 800,000
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