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%.
