Question :
57. Of the items below, the one that appears first : 1311960
57. Of the items below, the one that appears first on the statement of cash flows is
a.noncash investing and financing activities.
b.net increase (decrease) in cash.
c.cash at the end of the period.
d.cash at the beginning of the period.
58. Which of the following transactions does not affect cash during a period?
a.Write-off of an uncollectible account
b.Collection of an accounts receivable
c.Sale of treasury stock
d.Exercise of the call option on bonds payable
59. Significant noncash transactions would not include
a.conversion of bonds into common stock.
b.asset acquisition through bond issuance.
c.treasury stock acquisition.
d.exchange of plant assets.
60. In preparing a statement of cash flows, a conversion of bonds into common stock will be reported in
a.the financing section.
b.the “extraordinary” section.
c.a separate schedule or note to the financial statements.
d.the stockholders’ equity section.
61. Indicate where the event paid income taxes would appear, if at all, on the statement of cash flows.
a.Operating activities section
b.Investing activities section
c.Financing activities section
d.Does not represent a cash flow
62. Indicate where the event common stock issued for cash would appear, if at all, on the indirect statement of cash flows.
a.Operating activities section
b.Investing activities section
c.Financing activities section
d.Does not represent a cash flow
63. Indicate where the event purchased land for cash would appear, if at all, on the indirect statement of cash flows.
a.Operating activities section
b.Investing activities section
c.Financing activities section
d.Does not represent a cash flow
64. Indicate where the event purchased land and a building with a mortgage would appear, if at all, on the indirect statement of cash flows.
a.Operating activities section
b.Investing activities section
c.Financing activities section
d.Does not represent a cash flow
65. Joan’s Vegetable Market had the following transactions during 2013:
1.Issued $60,000 of par value common stock for cash.
2.Repaid a 6 year note payable in the amount of $21,000.
3.Acquired land by issuing common stock of par value $50,000.
4.Declared and paid a cash dividend of $5,000.
5.Sold a long-term investment (cost $63,000) for cash of $6,000.
6.Acquired an investment in IBM stock for cash of $10,000.
What is the net cash provided by financing activities?
a.$34,000
b.$80,000
c.$39,000
d.$0
66. Joan’s Vegetable Market had the following transactions during 2013:
1.Issued $50,000 of par value common stock for cash.
2.Repaid a 6 year note payable in the amount of $22,000.
3.Acquired land by issuing common stock of par value $100,000.
4.Declared and paid a cash dividend of $2,000.
5.Sold a long-term investment (cost $63,000) for cash of $6,000.
6.Acquired an investment in IBM stock for cash of $12,000.
What is the net cash provided by investing activities?
a.$12,000
b.$32,000
c.($6,000)
d.$6,000
