Question : 91. Land costing $47,000 was sold for $78,000 cash. The gain : 1234257

91. Land costing $47,000 was sold for $78,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? 
A. $78,000
B. $47,000
C. $109,000
D. $31,000

92. Equipment with an original cost of $50,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would 
A. increase by $23,000
B. decrease by $7,000
C. increase by $43,000
D. decrease by $30,000

93. On the statement of cash flows, the cash flows from financing activities section would include 
A. receipts from the sale of investments
B. payments for the acquisition of investments
C. receipts from a note receivable
D. receipts from the issuance of capital stock

94. On the statement of cash flows, the cash flows from financing activities section would include all of the following except 
A. receipts from the sale of bonds payable
B. payments for dividends
C. payments for purchase of treasury stock
D. payments of interest on bonds payable

95. Cash dividends paid on capital stock would be reported in the statement of cash flows in 
A. the cash flows from financing activities section
B. the cash flows from investing activities section
C. a separate schedule
D. the cash flows from operating activities section

96. Cash dividends of $80,000 were declared during the year. Cash dividends payable were $10,000 and $15,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is 
A. $85,000
B. $80,000
C. $95,000
D. $75,000

97. On the statement of cash flows, a $20,000 gain on the sale of fixed assets would be 
A. added to net income in converting the net income reported on the income statement to cash flows from operating activities
B. deducted from net income in converting the net income reported on the income statement to cash flows from operating activities
C. added to dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends
D. deducted from dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends

98. A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in 
A. a separate schedule
B. the cash flows from financing activities section
C. the cash flows from investing activities section
D. the cash flows from operating activities section

99. Land costing $68,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? 
A. $50,000
B. $78,000
C. $118,000
D. $68,000

100. The current period statement of cash flows includes the flowing:
 

Cash balance at the beginning of the period

$410,000

Cash provided by operating activities

185,000

Cash used in investing activities

43,000

Cash used in financing activities

97,000

The cash balance at the end of the period is 
A. $45,000
B. $735,000
C. $455,000
D. $85,000