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Lax Company provided the following information during the current year. Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital 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 1. What is the net cash provided by operating activities 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, beginning for the current year using direct method? 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. 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 500,000 d. с. 0.

Lax Company provided the following information during the current year. Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital 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 1. What is the net cash provided by operating activities 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, beginning for the current year using direct method? 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. 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000,000 500,000 d. с. 0.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 17-37 (AICPA Adapted) Lax Company provided the following information during the the mber 31 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 1,800,000 000 000 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, beginning 0 and ere on 1. What is the net cash provided by operating activities for the current year using direct method? were 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. 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000;000 500,000 d. с. 0. 4. What is the cash balance at year-end? a. 4,800,000 b. 6,800,000 c. 5,500,000 d. 7,300,000
Transcribed Image Text:Problem 17-37 (AICPA Adapted) Lax Company provided the following information during the the mber 31 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 1,800,000 000 000 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, beginning 0 and ere on 1. What is the net cash provided by operating activities for the current year using direct method? were 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. 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000;000 500,000 d. с. 0. 4. What is the cash balance at year-end? a. 4,800,000 b. 6,800,000 c. 5,500,000 d. 7,300,000
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