Question :
116.Use the following information to calculate cash received from dividends:
Dividends : 1258390
116.Use the following information to calculate cash received from dividends:
Dividends revenue$29,800
Dividends receivable, January 12,600
Dividends receivable, December 313,400
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 13,600
Dividends receivable, December 313,100
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
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. $234,000 of 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.
