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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