Lace Company provided the following information during the current year: 500,000 1,000,000 Dividend received 9,000,000 Dividend paid 1,500,000 Cash received from customers 200,000 Proceeds from issuing share capital 2,000,000 Interest received 6,000,000 Proceeds from sale of long term investments 400,000 Cash paid to suppliers and employees 300,000 Interest paid on long term debt Income taxes paid 1,800,000 Cash balance, January 1 1. What is the net cash provided by operating activities?
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10.1 What is the answer in questions number 1, 2, 3 and 4?
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- An entity provided the following information for the current year:Dividend received 500,000Dividend paid 1,000,000Cash received from customers 9,000,000Cash paid to suppliers and employees 6,000,000Interest received 200,000Interest paid on long-term debt 400,000Proceeds from issuing share capital 1,500,000Proceeds from sale of long-term investments 2,000,000Cash paid for equity investment at FVOCI 800,000Income taxes paid 300,000Proceeds from long-term debt 3,000,000 Write O if the cash flow is under Operating Activities, I if the cash flow is under Investing Activities, and F if the cash flow is under Financing Activities.1. What is the net cash provided by operating activities?2. What is the net cash provided by investing activities?3. What is the net cash provided by financing activities?Data pertaining to the current position of Lucroy Industries Inc. follow:Cash $ 800,000Marketable securities 550,000Accounts and notes receivable (net) 850,000Inventories 700,000Prepaid expenses 300,000Accounts payable 1,200,000Notes payable (short-term) 700,000Accrued expenses 100,000Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick RatioCompute the working capital, the current ratio, and the quick ratio after each of the…10. An investment entity provided the following data for the current year: Dividend income from investments 10,000,000Distribution income from trusts 500,000Interest income on deposits 700,000Income from bank treasury bills 100,000Income from dealing in securities held for trading 600,000Write-down on securities held for trading 150,000Other income 250,000Finance cost 300,000Administrative staff costs 3,800,000Sundry administrative costs 1,400,000Income tax expense 2,000,000Question 1: What is the income before tax?a. 12,000,000 c. 11,750,000b. 12,150,000 d. 11,550,000 Question 2: What is the total amount of expenses before tax?a. 7,500,000 c. 5,500,000b. 5,650,000 d. 7,650,000 Question 3: What is the net income for the year?a. 6,500,000 c. 4,650,000b. 4,500,000 d. 4,250,000
- An analysis of Karman Corporation's Investment in Marketable Securities account during Year 2 disclosed the following: Debit entries Credit entries Karman's Year 2 income statement included a $40,000 gain on sale of marketable securities and $30,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash. $ 160,000 240,000 The cash proceeds received by Karman Corporation in Year 2 for the sale of marketable securities was: Select one: a. $240,000. b. $280,000. c. $230,000. d. $160,000. $An investment entity provided the following data for the current year: Dividend income from investments 10,000,000 Distribution income from trusts 500,000 Interest income on deposits 700,000 Income from bank treasury bills 100,000 Income from dealing in securities held for trading 600,000 Writedown on securities held for trading 150,000 Other income 250,000 Finance cost 300,000 Administrative staff costs 3,800,000 Sundry…A Company provided the following data for the current year: Gain on sale of equipment – P60,000; Proceeds from sale of equipment – P100,000; Purchase of bonds with P2,000,000 face value – P1,800,000; Amortization of bond discount – P20,000; Dividends declared – P450,000; Dividends paid – P380,000; Proceeds from sale of treasury shares (at cost P650,000) – P750,000 What amount should be reported as net cash used in investing activities? [A] 1,700,000 [B] 1,760,000 [C] 1,880,000 [D] 1,940,000
- PUP CAF Company, provided the following income and expenses for the current year:· Dividend income from investments- P9,200,000· Share of profit of associate- P500,000· Interest income on deposits- P700,000· Income from bank treasury bills- P100,000· Unrealized gain on derivative contracts- P400,000· Income from dealing in securities and derivatives held for trading- P600,000· Writedown of securities and derivatives held for trading- P150,000· Other income- P250,000· Finance cost- P300,000· Administrative staff costs- P3,800,000· Selling expenses- P1,200,000· Income tax expense- P1,700,000What is the total comprehensive income for the year?An entity reported net assets totaling P8,750,000 at year-end which included the following: Treasury shares, at cost 250,000 Idle machinery 100,000 Trademark 150,000 Allowance for inventory writedown 200,000 What amount should be reported as net assets?UMASA Company provided the following data for the current year: Gain on sale of equipment –60,000; Proceeds from sale of equipment –100,000; Purchase of bonds with 2,000,000 face value –1,800,000; Amortization of bond discount –20,000; Dividends declared –450,000; Dividends paid – 380,000; Proceeds from sale of treasury shares (at cost (650,000) –750,000. What amount should be reported as net cash from investing activities?
- ABC Company, provided the following income and expenses for the current year. Dividend income from investments- P9,200,000 Share of profit of associate- P500,000 Interest income on deposits- P700,000 Income from bank treasury bills- P100,000 Unrealized gain on derivative contracts- P400,000 Income from dealing in securities and derivatives held for trading- P600,000 Writedown of securities and derivatives held for trading-P150,000 Other income- P250,000 Finance cost- P300,000 Administrative staff costs- P3,800,000 Selling expenses- P1,200,000 Income tax expense- P1,700,000 What is the total comprehensive income for the year?An analysis of R Corporation's Investment in Marketable Securities account during 20x6 disclosed the following: Debit Entries P175,000 Credit Entries P245,000 The company's come statement included a P35,000 gain on sale of marketable securities and P20,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash. 1. Cash Paid for the purchase of marketable securities 2. Cash proceeds recerved for the sale of marketable securities 3. Cash flow from operating activities 4. Cash flow from investing activities. Usc negative sign if your answer is net cash used.The following data were taken from the statement of affairs of RCFE Corp:Bonds payable without security: P800,000Stockholders' equity: 450,000Accounts payable: 350,000Salaries: 50,000Taxes: 75,000Trustee expenses: 45,000Loss on realization: 550,000How much is the total free assets?