Lace Company provided the following information during the current year: Dividend received Dividend paid Cash received...

 

Transcribed Image Text:

Lace Company provided the following information during the current year: Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, January 1 1. What is the net cash provided by operating activities? 4. What is the cash balance on December 31? 400,000 300,000 1,800,000 2. What is the net cash provided by investing activities? 3. What is the net cash provided by financing activities? Lace Company provided the following information during the current year: Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, January 1 1. What is the net cash provided by operating activities? 4. What is the cash balance on December 31? 400,000 300,000 1,800,000 2. What is the net cash provided by investing activities? 3. What is the net cash provided by financing activities?

Answer rating: 100% (QA)

Answer Q1 a300000 Explanation Cash Flows from Operating Activities Amount Cash received from Custo... View the full answer