Sikat Company provided the following data for the current year for the preparation of statement of cash flows using direct method Cash balance, beg 2,000,000 Cash paid to purchase inventory 8,000,000 Cash received from sale of trading securities 3,000,000 Cash paid for interest 950,000 Cash paid to repay loan 1,500,000 Cash collected from customers 10,500,000 Cash received from issuance of ordinary shares 1,700,000 Cash paid for dividend 2,500,000 Cash paid for income taxes 1,850,000 Cash paid to purchase trading securities 1,500,000 Net cash provided by operating activities is?
Sikat Company provided the following data for the current year for the preparation of statement of cash flows using direct method Cash balance, beg 2,000,000 Cash paid to purchase inventory 8,000,000 Cash received from sale of trading securities 3,000,000 Cash paid for interest 950,000 Cash paid to repay loan 1,500,000 Cash collected from customers 10,500,000 Cash received from issuance of ordinary shares 1,700,000 Cash paid for dividend 2,500,000 Cash paid for income taxes 1,850,000 Cash paid to purchase trading securities 1,500,000 Net cash provided by operating activities is?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sikat Company provided the following data for the current year for the preparation of statement of cash flows using direct method
| Cash balance, beg | 2,000,000 |
| Cash paid to purchase inventory | 8,000,000 |
| Cash received from sale of trading securities | 3,000,000 |
| Cash paid for interest | 950,000 |
| Cash paid to repay loan | 1,500,000 |
| Cash collected from customers | 10,500,000 |
| Cash received from issuance of ordinary shares | 1,700,000 |
| Cash paid for dividend | 2,500,000 |
| Cash paid for income taxes | 1,850,000 |
| Cash paid to purchase trading securities | 1,500,000 |
Net cash provided by operating activities is?
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