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. 1,000,000 500,000 0 d. 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 نن فن C.
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. 1,000,000 500,000 0 d. 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 نن فن C.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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
1,500,000
Cash received from customers
Proceeds from issuing share capital
200,000
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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