Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the three picture attached below and provide solution each of them King Company provided the following information for the current your: Dividends paid

image text in transcribed

Please answer the three picture attached below and provide solution each of them

image text in transcribedimage text in transcribedimage text in transcribed
King Company provided the following information for the current your: Dividends paid 3,000,000 Proceeds from issuance of shares 2,500,000 Borrowings under a line of credit 2,000,000 Proceeds from issuance of convertible bonds 1,000,000 Proceeds from sale of building 1,500,000 What is the net cash flows provided by financing activities? 2,500,000 500,000 5,500,000 1,500,000Lax Company provided the following information during the current year Dividend received 500,000 Dividend paid 1,000,000 Cash received from customers 9.000.000 Proceeds from issuing share capital 1,500,000 Interest received 2001000 Proceeds from sale of long term investments 2.000.000 Cash paid to suppliers and employees 6,000,000 Interest paid on long term debt 4001000 Income taxes paid 3001000 Cash balance, January 1 1,800.000 What is the net cash provided by operating activities for the current year using the direct method?' 2,700,000 O 3,300,000 3,000,000 2,000,000Star 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 Cash received from sale of building 7,800,000 Cash paid for interest 5,600,000 450,000 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 780,000 Cash paid for income taxes Cash paid to purchase machinery 1,320,000 1,950,000 What is the net cash flow from operating activities? O 430,000 970,000 1,750,000 880,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Business Process Approach

Authors: Jane L Reimers

2nd Edition

131473867, 978-0131473867

More Books

Students also viewed these Accounting questions

Question

Is it eyewitness or hearsay evidence?

Answered: 1 week ago

Question

What does this look like?

Answered: 1 week ago