Question :
116. Use the following information to calculate cash received from dividends: : 1257706
116. Use the following information to calculate cash received from dividends:
Dividends revenue…………….
$29,800
Dividends receivable, January 1 …….
2,600
Dividends receivable, December 31 …..
3,400
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 1 …….
3,600
Dividends receivable, December 31 …..
3,100
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
What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows? 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. $234,000of 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.