STAR COMPANY

Statement of Cash Flows

For the year ended December 31, 2023

Cash and cash equivalents – January 1 P 1,800,000

Net cash provided by operating activities

Dividend received 500,000
Cash received from customers 9,000,000
Interest received 200,000
Cash paid to suppliers and employee (6,000,000)
Interest paid on long term debt (400,000)
Income taxes paid (300,000) 3,000,000

Net cash used in investing activities

Proceeds from sale of lone term investment 2,000,000 2,000,000

Net cash provided by financing activities

Dividends paid (1,000,000)
Proceeds from issuing share capital 1,500,000 500,000

Cash and cash equivalents – December 31 P 7,300,000

Robillos, Jeshia Vie P.

PCBEA-01-201P
Assignment
 LACE COMPANY
Statement of Cash Flows
For the year ended December 31, 2023

Cash and cash equivalents - January 1 P 1,500,000

Net cash provided by operating activities

Cash collected from customers 10,000,000
Cash received from sale of trading securities 2,500,000
Cash paid to purchase inventory (7,800,000)
Cash paid for interest on bank loan (450,000)
Cash paid for income taxes (1,350,000)
Cash paid to purchase trading securities (1,000,000) 1,900,000

Net cash provided by financing activities

Cash received from issuance of ordinary shares 1,200,000
Cash paid for dividend (2,000,000)
Cash paid to repay principal amount of bank loan (1,000,000) (1,800,000)

Cash and cash equivalents – December 31 P 1,600,000

Robillos, Jeshia Vie P.

PCBEA-01-201P
Assignment
 LACE COMPANY
Answers in Multiple Choices:

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

a. 3,000,000
b. 3,300,000
c. 2,700,000
d. 2,000,000

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

a.. 2,500,000
b. 2,000,000
c. 2,200,000
d. 0

3. What amount should be reported as net cash provided by financing activities?

a..1,500,000
b. 1,000,000
c. 500,000
d. 0

4. What amount should be reported as cash balance on December 31?

a. 6,300,000
b. 5,500,000
c. 4,800,000
d. 7,300,000
 STAR COMPANY
Answers in Multiple Choices:

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

a. 1,900,000
b. 2,900,000
c. 2,350,000
d. 400,000

2. What amount should be reported as net cash used in financing activities?

a. 3,000,000
b. 2,000,000
c. 1,800,000
d. 4,200,000

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

a. 3,400,000
b. 1,600,000
c. 1,400,000
d. 2,400,000