Lace Company provided the following information during the current year: 500,000 1,000,000 Dividend received 9,000,000 Dividend paid 1,500,000 Cash received from customers 200,000 Proceeds from issuing share capital 2,000,000 Interest received 6,000,000 Proceeds from sale of long term investments 400,000 Cash paid to suppliers and employees 300,000 Interest paid on long term debt Income taxes paid 1,800,000 Cash balance, January 1 1. What is the net cash provided by operating activities?
Lace Company provided the following information during the current year: 500,000 1,000,000 Dividend received 9,000,000 Dividend paid 1,500,000 Cash received from customers 200,000 Proceeds from issuing share capital 2,000,000 Interest received 6,000,000 Proceeds from sale of long term investments 400,000 Cash paid to suppliers and employees 300,000 Interest paid on long term debt Income taxes paid 1,800,000 Cash balance, January 1 1. What is the net cash provided by operating activities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
10.1 What is the answer in questions number 1, 2, 3 and 4?
![Lace Company provided the following information during
the current year:
500,000
Dividend received
1,000,000
Dividend paid
9,000,000
Cash received from customers
1,500,000
200,000
Proceeds from issuing share capital
Interest received
2,000,000
6,000,000
Proceeds from sale of long term investments
Cash paid to suppliers and employees
400,000
Interest paid on long term debt
300,000
Income taxes paid
1,800,000
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
2. What is the net cash provided by investing activities?
a. 2,500,000
b. 2,000,000
c. 2,200,000
d.
0
3. What is the net cash provided by financing activities?
a. 1,500,000
b. 1,000,000
C.
500,000
d.
0
4. What is the cash balance on December 31?
a. 6,300,000
b. 5,500,000
c. 4,800,000
d. 7,300,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6c45429b-81a5-45cf-93b0-0b1bedc47c72%2F15d24bd8-9eb9-48b4-a870-870b601c64cc%2F5iph1xm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lace Company provided the following information during
the current year:
500,000
Dividend received
1,000,000
Dividend paid
9,000,000
Cash received from customers
1,500,000
200,000
Proceeds from issuing share capital
Interest received
2,000,000
6,000,000
Proceeds from sale of long term investments
Cash paid to suppliers and employees
400,000
Interest paid on long term debt
300,000
Income taxes paid
1,800,000
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
2. What is the net cash provided by investing activities?
a. 2,500,000
b. 2,000,000
c. 2,200,000
d.
0
3. What is the net cash provided by financing activities?
a. 1,500,000
b. 1,000,000
C.
500,000
d.
0
4. What is the cash balance on December 31?
a. 6,300,000
b. 5,500,000
c. 4,800,000
d. 7,300,000
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