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Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning 1,500,000 7,800,000 Cash paid to purchase inventory 2,500,000 Cash received from sale of trading securities Cash paid for interest on bank loan. 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 3. What is the cash balance at year-end? a. 3,400,000, b. 1,600,000 c. 1;400,000 d. 2,400,000

Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning 1,500,000 7,800,000 Cash paid to purchase inventory 2,500,000 Cash received from sale of trading securities Cash paid for interest on bank loan. 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 3. What is the cash balance at year-end? a. 3,400,000, b. 1,600,000 c. 1;400,000 d. 2,400,000

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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10.2 What are the correct answer for questions number 1, 2 and 3?

Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning 1,500,000 7,800,000 Cash paid to purchase inventory 2,500,000 Cash received from sale of trading securities Cash paid for interest on bank loan. 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 shivpo danois 3. What is the cash balance at year-end? a. 3,400,000, b. 1,600,000 c. 1;400,000 d. 2,400,000
Transcribed Image Text:Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning 1,500,000 7,800,000 Cash paid to purchase inventory 2,500,000 Cash received from sale of trading securities Cash paid for interest on bank loan. 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 shivpo danois 3. What is the cash balance at year-end? a. 3,400,000, b. 1,600,000 c. 1;400,000 d. 2,400,000
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