1. What amount should be reported as net cash provided by investing activities? a. 2,200,000 b. 1,400,000 c. 3,000,000 d. 800,000 2. What amount should be reported as cash balance at year-end? a. 3,500,000 b. 9,300,000 c. 5,500,000 d. 5,800,000 Chuzzle Company used the direct method to prepare the statement of cash flows. The entityhad the following cash flows during the current year:Cash receipts from issuance of ordinary sharesCash receipts from customersCash receipts from dividends on long-term investmentsCash receipts from repayment of loan made to another entityCash payments for wages and other operating expensesCash payments for insuranceCash payment for dividendsCash payments for taxesCash payment to purchase landCash balance – beginning4,000,0002,000,000300,0002,200,0001,200,000100,000200,000400,000800,0003,500,000

Statement of cash flows: The statement of cash flows records all the sources and use of the cash in…

Answered: receipts from repayment of loan made to…

receipts from repayment of loan made to another entity payments for wages and other operating expenses payments for insurance navment for dividends

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter10: Long-term Liabilities

Section: Chapter Questions

Problem 10.12E

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Question

1. What amount should be reported as net cash provided by investing activities?

a. 2,200,000

b. 1,400,000

c. 3,000,000

d. 800,000

2. What amount should be reported as cash balance at year-end?

a. 3,500,000

b. 9,300,000

c. 5,500,000

d. 5,800,000

Chuzzle Company used the direct method to prepare the statement of cash flows. The entity
had the following cash flows during the current year:
Cash receipts from issuance of ordinary shares
Cash receipts from customers
Cash receipts from dividends on long-term investments
Cash receipts from repayment of loan made to another entity
Cash payments for wages and other operating expenses
Cash payments for insurance
Cash payment for dividends
Cash payments for taxes
Cash payment to purchase land
Cash balance – beginning
4,000,000
2,000,000
300,000
2,200,000
1,200,000
100,000
200,000
400,000
800,000
3,500,000

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