Question : 116. Use the following information to calculate cash received from dividends: : 1257706

 

116. Use the following information to calculate cash received from dividends:

Dividends revenue…………….

$29,800

Dividends receivable, January 1 …….

2,600

Dividends receivable, December 31 …..

3,400

A. $26,400.B. $29,000.C. $29,800.D. $30,600.E. $32,400.

117. Use the following information to calculate cash received from dividends:

Dividends revenue…………….

$63,500

Dividends receivable, January 1 …….

3,600

Dividends receivable, December 31 …..

3,100

A. $63,500.B. $63,000.C. $64,000.D. $67,100.E. $60,400.

118. Analysis reveals that a company had a net increase in cash of $20,000 for the current year. Net cash provided by operating activities was $18,000; net cash used in investing activities was $10,000 and net cash provided by financing activities was $12,000. If the year-end cash balance is $24,000, the beginning cash balance was: A. $4,000.B. $16,000.C. $44,000.D. $40,000.E. $39,000.

119.  Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance? A. $55,000.B. $45,000.C. $31,000.D. $ 6,000.E. $11,000.

120. Bagrov Corporation had a net decrease in cash of $10,000 for the current year. Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000. What amount of cash was provided (used) in operating activities? A. $ 100,000 provided.B. $(100,000) used.C. $ 80,000 provided.D. $ (80,000) used.E. $ (10,000) used.

 

121. The accountant for Crusoe Company is preparing the company’s statement of cash flows for the fiscal year just ended. The following information is available:  

Retained earnings balance at the beginning of the year

$126,000

Cash dividends declared for the year

$ 46,000

Proceeds from the sale of equipment

$ 81,000

Gain on the sale of equipment

$  7,000

Cash dividends payable at the beginning of the year

$ 18,000

Cash dividends payable at the end of the year

$ 20,000

Net income for the year

$ 92,000

What is the ending balance for retained earnings? A. $218,000.B. $170,000.C. $352,000.D. $172,000.E. $179,000.

122. The accountant for Crusoe Company is preparing the company’s statement of cash flows for the fiscal year just ended. The following information is available:  

Retained earnings balance at the beginning of the year

$126,000

Cash dividends declared for the year

$  46,000

Proceeds from the sale of equipment

$  81,000

Gain on the sale of equipment

$   7,000

Cash dividends payable at the beginning of the year

$  18,000

Cash dividends payable at the end of the year

$  20,000

Net income for the year

$  92,000

 The amount of cash dividends paid during the year would be: A. $48,000.B. $46,000.C. $8,000.D. $64,000.E. $44,000.

 

123. The accountant for Huckleberry Company is preparing the company’s statement of cash flows for the fiscal year just ended. The following information is available:  

Retained earnings balance at the beginning of the year

$151,000

Cash dividends declared for the year

$ 46,000

Net income for the year

$ 92,000

What is the ending balance for retained earnings? A. $264,000.B. $13,000.C. $243,000.D. $197,000.E. $105,000.

 

 124. The accountant for Mandarin Company is preparing the company’s statement of cash flows for the fiscal year just ended. The following information is available:  

Retained earnings balance at the beginning of the year

$819,000

Net income for the year

$230,000

Cash dividends declared for the year

$ 42,000

Retained earnings balance at the end of the year

$1,007,000

Cash dividends payable at the beginning of the year

$ 10,000

Cash dividends payable at the end of the year

$ 11,000

What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows? A. $42,000.B. $43,000.C. $63,000.D. $1,000.E. $41,000.

125. In preparing a company’s statement of cash flows for the most recent year, the following information is available:  

Loss on the sale of equipment

$  14,000

Purchase of equipment

$225,000

Proceeds from the sale of equipment

$106,000

Repayment of outstanding bonds

$ 87,000

Purchase of treasury stock

$ 25,000

Issuance of common stock

$ 96,000

Purchase of land

$115,000

Increase in accounts receivable during the year

$ 33,000

Decrease in accounts payable during the year

$ 75,000

Payment of cash dividends

$ 35,000

Net cash flows from investing activities for the year were: A. $234,000of net cash used.B. $120,000 of net cash provided.C. $340,000 of net cash used.D. $259,000 of net cash used.E. $280,000 of net cash provided.

 

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