Question : 146. An increase in the accounts receivable account during the : 1257709

 

146. An increase in the accounts receivable account during the year should be reported on the statement of cash flows as:A. An increase in cash flows from operating activitiesB. An increase in cash flows from investing activitiesC. A decrease in cash flows from operating activitiesD. A decrease in cash flows from investing activitiesE. An increase in cash flows from financing activities

147. A decrease in the inventory account during the year should be reported on the statement of cash flows as:A. An increase in cash flows from operating activitiesB. An increase in cash flows from investing activitiesC. A decrease in cash flows from operating activitiesD. A decrease in cash flows from investing activitiesE. An increase in cash flows from financing activities

148. A dividend payment to shareholders during the year should be reported on the statement of cash flows as:A. An increase in cash flows from financing activitiesB. An increase in cash flows from investing activitiesC. A decrease in cash flows from operating activitiesD. A decrease in cash flows from investing activitiesE. An decrease in cash flows from financing activities

149. Northington, Inc. is preparing the company’s statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from operating activities using the indirect method:

Net income

$182,000

Gain on the sale of equipment

12,300

Proceeds from the sale of equipment

92,300

Depreciation expense–equipment

50,000

Payment of bonds at maturity

100,000

Purchase of land

200,000

Issuance of common stock

300,000

Increase in merchandise inventory

35,400

Decrease in accounts receivable

28,800

Increase in accounts payable

23,700

Payment of cash dividends

32,000

 

A. $332,200.B. $236,800.C. $261,400.D. $186,800.E. $189,400.

150. Northington, Inc. is preparing the company’s statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from investing activities:

Net income

$182,000

Gain on the sale of equipment

12,300

Proceeds from the sale of equipment

92,300

Depreciation expense–equipment

50,000

Payment of bonds at maturity

100,000

Purchase of land

200,000

Issuance of common stock

300,000

Increase in merchandise inventory

35,400

Decrease in accounts receivable

28,800

Increase in accounts payable

23,700

Payment of cash dividends

32,000

 

A. $(107,700).B. $107,700.C. $(200,000).D. $(139,700).E. $(207,700).

151. Northington, Inc. is preparing the company’s statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from financing activities:

Net income

$182,000

Gain on the sale of equipment

12,300

Proceeds from the sale of equipment

92,300

Depreciation expense–equipment

50,000

Payment of bonds at maturity

100,000

Purchase of land

200,000

Issuance of common stock

300,000

Increase in merchandise inventory

35,400

Decrease in accounts receivable

28,800

Increase in accounts payable

23,700

Payment of cash dividends

32,000

A. $(168,000).B. $200,000.C. $168,000.D. $(191,700).E. $191,700.

 

152. A company had average total assets of $3,216,000, total cash flows of $1,320,000, cash flows from operations of $554,000, and cash flows for plant assets of $850,000. The cash flow on total assets ratio equals: A. 41.04%.B. 41.97%.C. 26.43%.D. 17.23%.E. 64.39%.

 

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