GNBExam15 - GNB 12e Practice Exam Chapter 15 1 Charles...

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GNB 12e Practice Exam – Chapter 15 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? Inflow (Outflow) Retirement of preferred stock $ (150,000) Dividends paid to shareholders (270,000) Net cash used by financing activities $(420,000) Part (b) What was the net in cash resulting from investing activities for the year? Inflow (Outflow) Sale of bonds issued by other companies $225,000 Collection of a loan 165,000 Net cash provided by investing activities $390,000 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 360,000 Part (a) What was the net cash provided by financing activities for the year?
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