GNBExam15 - GNB 12e Practice Exam Chapter 15 Print these...

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GNB 12e Practice Exam – Chapter 15 Print these pages. Answer each of the following questions, explaining your answers or showing your work, as appropriate, and then compare your solutions to those provided at the end of the practice exam. 1. Charles Company recorded the following events for the year just ended: Collection of a loan $165,000 Dividends paid to shareholders 270,000 Interest paid on notes payable 105,000 Payment of taxes 135,000 Retirement of preferred stock 150,000 Sale of bonds issued by other companies 225,000 Part (a) What was the net cash resulting from financing activities for the year? Part (b) What was the net in cash resulting from investing activities for the year?
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2. Tyler Company recorded the following activity for the year just ended: Common stock issued $ 600,000 Dividends paid to stockholders 60,000 Dividends received from investments 90,000 Notes issued for long-term borrowings 240,000 Proceeds from sale of plant equipment 1,200,000 Purchase of plant equipment
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GNBExam15 - GNB 12e Practice Exam Chapter 15 Print these...

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