Question: Problem 2- DEF Corporation provided the following data for the preparation of statement of cash flows for the current year using direct method. Cash balance,
Problem 2- DEF Corporation provided the following data for the preparation of statement of cash flows for the current year using direct method. Cash balance, beginning 1,500,000 Cash paid to purchase of inventory 7,800,000 Cash received from sale of building 5,600,000 Cash paid for interest 450,000 Cash paid to repay a loan 1.000,000 Cash collected from customers 10,000,000 Cash received from shareholders investment 1,200,000 Cash paid for income tax 780,000 Cash paid to purchase machinery 1,200,000 Unpaid dividends 500,000 Required: Compute the cash balance at the end of the current year.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
