Question : 146.Marshland Company preparing the company’s statement of cash flows for : 1258393

 

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

Cash dividends declared for the year$40,000

Cash dividends payable at the beginning of the year$17,000

Cash dividends payable at the end of the year$13,000

The amount of cash paid for dividends was:    

A. $44,000.

B. $40,000.

C. $57,000.

D. $53,000.

E. $36,000.

147.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 activities

B. An increase in cash flows from investing activities

C. A decrease in cash flows from operating activities

D. A decrease in cash flows from investing activities

E. An increase in cash flows from financing activities

148.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 activities

B. An increase in cash flows from investing activities

C. A decrease in cash flows from operating activities

D. A decrease in cash flows from investing activities

E. An increase in cash flows from financing activities

149.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 activities

B. An increase in cash flows from investing activities

C. A decrease in cash flows from operating activities

D. A decrease in cash flows from investing activities

E. An decrease in cash flows from financing activities

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 operating activities using the indirect method: 

Net income$182,000

Gain on the sale of equipment12,300

Proceeds from the sale of equipment92,300

Depreciation expense – equipment50,000

Payment of bonds at maturity100,000

Purchase of land200,000

Issuance of common stock300,000

Increase in merchandise inventory35,400

Decrease in accounts receivable28,800

Increase in accounts payable23,700

Payment of cash dividends32,000

  

A. $332,200.

B. $236,800.

C. $261,400.

D. $186,800.

E. $189,400.

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 investing activities: 

Net income$182,000

Gain on the sale of equipment12,300

Proceeds from the sale of equipment92,300

Depreciation expense – equipment50,000

Payment of bonds at maturity100,000

Purchase of land200,000

Issuance of common stock300,000

Increase in merchandise inventory35,400

Decrease in accounts receivable28,800

Increase in accounts payable23,700

Payment of cash dividends32,000

  

A. ($107,700).

B. $107,700.

C. ($200,000).

D. ($139,700).

E. ($207,700).

152.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 equipment12,300

Proceeds from the sale of equipment92,300

Depreciation expense – equipment50,000

Payment of bonds at maturity100,000

Purchase of land200,000

Issuance of common stock300,000

Increase in merchandise inventory35,400

Decrease in accounts receivable28,800

Increase in accounts payable23,700

Payment of cash dividends32,000

  

A. ($168,000).

 

B. $200,000.

C. $168,000.

D. ($191,700).

E. $191,700.

153.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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