Lace Company provided the following information during the current year: 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 400,000 300,000 1,800,000 Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid 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

Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
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Chapter13: Investments And Long-term Receivables
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What is the net cash from operating activities?

Lace Company provided the following information during
the current year:
500,000
1,000,000
9,000,000
1,500,000
200,000
2,00,000
6,000,000
400,000
300,000
1,800,000
Dividend received
Dividend paid
Cash received from customers
Proceeds from issuing share capital
Interest received
Proceeds from sale of long term investments
Cash paid to suppliers and employees
Interest paid on long term debt
Income taxes paid
Cash balance, January 1
1. What is the net cash provided by operating activities?
а. 3,000,000
b. 3,300,000
с. 2,700,000
d. 2,000,000
Transcribed Image Text:Lace Company provided the following information during the current year: 500,000 1,000,000 9,000,000 1,500,000 200,000 2,00,000 6,000,000 400,000 300,000 1,800,000 Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, January 1 1. What is the net cash provided by operating activities? а. 3,000,000 b. 3,300,000 с. 2,700,000 d. 2,000,000
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