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receipts from repayment of loan made to another entity payments for wages and other operating expenses payments for insurance navment for dividends

receipts from repayment of loan made to another entity payments for wages and other operating expenses payments for insurance navment for dividends

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 1BE
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1. 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
 
2. What amount should be reported as cash balance at year-end?
 
a. 3,500,000
 
b. 9,300,000
 
c. 5,500,000
 
d. 5,800,000
Chuzzle Company used the direct method to prepare the statement of cash flows. The entity had the following cash flows during the current year: Cash receipts from issuance of ordinary shares Cash receipts from customers Cash receipts from dividends on long-term investments Cash receipts from repayment of loan made to another entity Cash payments for wages and other operating expenses Cash payments for insurance Cash payment for dividends Cash payments for taxes Cash payment to purchase land Cash balance – beginning 4,000,000 2,000,000 300,000 2,200,000 1,200,000 100,000 200,000 400,000 800,000 3,500,000
Transcribed Image Text:Chuzzle Company used the direct method to prepare the statement of cash flows. The entity had the following cash flows during the current year: Cash receipts from issuance of ordinary shares Cash receipts from customers Cash receipts from dividends on long-term investments Cash receipts from repayment of loan made to another entity Cash payments for wages and other operating expenses Cash payments for insurance Cash payment for dividends Cash payments for taxes Cash payment to purchase land Cash balance – beginning 4,000,000 2,000,000 300,000 2,200,000 1,200,000 100,000 200,000 400,000 800,000 3,500,000
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