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Problem 3 77 78 79 80 81 82 The following information pertains to Lumier Company during the current year: 83 84 85 86 87 Dividend
Problem 3 77 78 79 80 81 82 The following information pertains to Lumier Company during the current year: 83 84 85 86 87 Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income tax paid Cash balance, January 1 $ 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 400,000 300,000 1,800,000 88 89 90 91 92 93 Required: Compute the net cash provided by operating activities for the current year using direct method
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