Question : 101. Use the following information and the indirect method to calculate : 1225358

 

101. Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

   

A. $12,700.

B. $13,900.

C. $20,900.

D. $28,400.

E. $35,900.

102. In preparing a company’s statement of cash flows for the most recent year on the indirect method, the following information is available:

  

Net cash provided by operating activities was: 

A. $120,000.

B. $44,000.

C. $70,000.

D. $84,000.

E. $30,000.

103. A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: 

A. $50,000.

B. $5,000.

C. $45,000.

D. Zero. This is an operating activity.

E. Zero. This is a financing activity.

104. A company reported that its bonds with a par value of $50,000 and a carrying value of $57,000 are retired for $60,000 cash, resulting in a loss of $3,000. The amount to be reported under cash flows from financing activities is: 

A. $(3,000).

B. $(60,000).

C. $(57,000).

D. Zero. This is an operating activity.

E. Zero. This is an investing activity.

105. Becker Corporation paid cash dividends totaling $75,000 during its most recent fiscal year. How should this information be reported on Becker’s statement of cash flows? 

A. In operating activities as a source of funds.

B. In investing activities as a source of funds.

C. In investing activities as a use of funds.

D. In financing activities as a source of funds.

E. In financing activities as a use of funds.

106. Use the following information to calculate cash received from dividends:

   

A. $26,400.

B. $29,000.

C. $29,800.

D. $30,600.

E. $32,400.

107. Analysis reveals that a company had a net decrease in cash of $4,000 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 used in financing activities was $12,000. If the year-end cash balance is $21,000, the beginning cash balance was: 

A. $3,000.

B. $7,000.

C. $17,000.

D. $25,000.

E. $39,000.

108. Stojko 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.

109. The accountant for Robinson Company is preparing the company’s statement of cash flows for the fiscal year just ended. The following information is available:

  

What is the ending balance for retained earnings? 

A. $276,000.

B. $202,000.

C. $254,000.

D. $248,000.

E. $174,000.

110. The accountant for Robinson Company is preparing the company’s statement of cash flows for the fiscal year just ended. The following information is available:

  

The amount of cash dividends paid during the year would be: 

A. $70,000.

B. $46,000.

C. $22,000.

D. $39,000.

E. $24,000.

 

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