Question : 101.Refer to the information above. For the month of October, : 1237543

 

 

101.Refer to the information above. For the month of October, net cash flows from operating activities for Waldorf were:   

A.$18,500.

 

B.$22,500.

 

C.$78,000.

 

D.$100,500.

$100,500 – $78,000 = $22,500

 

 

 

102.Which of the following activities is not a category into which cash flows are classified?   

A.Marketing activities.

 

B.Operating activities.

 

C.Financing activities.

 

D.Investing activities.

 

 

 

 

103.A strong statement of cash flows indicates that significant cash is being generated by:   

A.Operating activities.

 

B.Financing activities.

 

C.Investing activities.

 

D.Effective tax planning.

 

 

 

 

104.During the month of May, Henderson Company had the following transactions:* Revenues of $60,000 were earned and received in cash.* Bank loans of $9,000 were paid off.* Equipment of $20,000 was purchased.* Expenses of $36,800 were paid.* Stockholders purchased additional shares for $22,000 cash.A statement of cash flows for May would report net cash flows from operating activities of:   

A.$60,000.

 

B.$16,200.

 

C.$23,200.

 

D.$20,000.

$60,000 – $36,800 = $23,200

 

 

 

During the month of August, Boyce Company had the following transactions:* Revenues of $120,000 were earned and received in cash.* Bank loans of $18,000 were paid off.* Equipment of $40,000 was purchased with cash.* Expenses of $73,600 were paid.* Stockholders purchased additional shares for $44,000 cash.

 

105.Refer to the information above. A statement of cash flows for August, would report net cash flows from operating activities of:   

A.$26,000.

 

B.$32,400.

 

C.$40,000.

 

D.$46,400.

Cash revenues $120,000 – cash expenses $73,600 = $46,400

 

 

 

106.Refer to the information above. A statement of cash flows for August, would report net cash flows from financing activities of:   

A.$26,000.

 

B.$32,400.

 

C.$40,000.

 

D.$46,400.

Issue of stock $44,000 – bank loan paid $18,000 = $26,000

 

 

 

107.Refer to the information above. A statement of cash flows for August, would report net cash flows from investing activities of:   

A.($26,000).

 

B.$32,400.

 

C.($40,000).

 

D.$46,400.

Equipment purchased = $40,000 used

 

 

 

108.Refer to the information above. A statement of cash flows for August, would report an increase in cash of:   

A.$26,000.

 

B.$32,400.

 

C.$40,000.

 

D.$46,400.

$46,400 + $26,000 – $40,000 = $32,400

 

 

 

During the month of February, Fadness Company had the following transactions:* Revenues of $225,000 were earned and received in cash.* Bank loans of $18,000 were paid off.* New bank loans of $15,000 were incurred.* Equipment of $40,000 was purchased with cash.* Equipment was sold for its book value of $36,000. Cash was received.* Expenses of $171,400 were paid.* Stockholders purchased additional shares for $50,000 cash.

 

109.Refer to the information above. A statement of cash flows for February, would report net cash flows from operating activities of:   

A.$4,000.

 

B.$35,600.

 

C.$53,600.

 

D.$96,600.

Cash revenues $225,000 – cash expenses $171,400 = $53,600

 

 

 

110.Refer to the information above. A statement of cash flows for February, would report net cash flows from financing activities of:   

A.$4,000.

 

B.$47,000.

 

C.$83,000.

 

D.$96,600.

Issue of stock $50,000 + bank loan issued $15,000 – bank loan paid 18,000 = $47,000