What is the net cash at year-end?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 27BE
Related questions
Question
What is the net cash at year-end?
![Star Company provided the following data for the
preparation of statement of cash flows for the current year:
Cash balance, beginning
Cash paid to purchase inventory
Cash received from sale of trading securities
Cash paid for interest on bank loan
Cash paid to repay principal amount of bank loan
Cash collected from customers-
Cash received from issuance of ordinary shares
Cash paid for dividend
Cash paid for income taxes
Cash paid to purchase trading securities
1,500,000
7,800,000
2,500,000
450,000
1,000,000
10,000,000
1,200,000
2,000,000
1,350,000
1,000,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbcc2c001-7e25-4169-a8d6-0409afbce262%2Fae2dd516-9a4e-458a-bbe3-c00fd5586fa4%2F18sqi7g_processed.png&w=3840&q=75)
Transcribed Image Text:Star Company provided the following data for the
preparation of statement of cash flows for the current year:
Cash balance, beginning
Cash paid to purchase inventory
Cash received from sale of trading securities
Cash paid for interest on bank loan
Cash paid to repay principal amount of bank loan
Cash collected from customers-
Cash received from issuance of ordinary shares
Cash paid for dividend
Cash paid for income taxes
Cash paid to purchase trading securities
1,500,000
7,800,000
2,500,000
450,000
1,000,000
10,000,000
1,200,000
2,000,000
1,350,000
1,000,000
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