question archive Star Company provided the following data for the preparation of 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 1,000,000 What is the net cash provided by operating activities?
Star Company provided the following data for the preparation of 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 1,000,000 What is the net cash provided by operating activities?
Subject:AccountingPrice: Bought3
Star Company provided the following data for the preparation of 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
1,000,000
What is the net cash provided by operating activities?
