The net cash provided by (used in) all activities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![An entity uses the direct method to
prepare its statement of cashflows.
The net cash provided by (used in) all
activities *
The company had the following cash flows during 2002
Cash receipt 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 payment for insurance
Cash payments for dividends
Cash payment for taxes
Cash payment to purchase land
400,000
200,000
30,000
220,000
120,000
10,000
20,000
40,000
80,000
Your answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7cbc4f4-d482-42d4-bd42-d9e5920bde33%2F306aac31-9e8f-4a5e-9b9d-c792b777866d%2F92ccczh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An entity uses the direct method to
prepare its statement of cashflows.
The net cash provided by (used in) all
activities *
The company had the following cash flows during 2002
Cash receipt 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 payment for insurance
Cash payments for dividends
Cash payment for taxes
Cash payment to purchase land
400,000
200,000
30,000
220,000
120,000
10,000
20,000
40,000
80,000
Your answer
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