question archive Star Company provided the following data for the preparation of the statement of cash flows for the current year using the direct method
Star Company provided the following data for the preparation of the statement of cash flows for the current year using the direct method
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Star Company provided the following data for the preparation of the statement of cash flows for the current year using the direct method.
Cash balance, beginning 1,500,000
Cash paid to purchase inventory 7,800,000
Cash received from sale of trading securities 2,500,000
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 issuance of ordinary shares 1,200,000
Cash paid for dividend 2,000,000
Cash paid for income taxes 1,350,000
Cash paid to purchase trading securities 1000,000
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 activities?
a. 3,000,000
b. 2,000,000
c. 1,800,000
d. 4,200,000
3. Whst 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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