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.
