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34 .   Thomson Company 's income statement for the year ended December 31 , 2014 , reported net income of $ 360,000 . The financial statements also disclosed the following information : Amortization ......................................... $ 20,000 Depreciation ......................................... 60,000 Increase in accounts receivable ...................... 140,000 Increase in inventory ................................ 48,000 Decrease in accounts payable ......................... 76,000 Increase in salaries payable ......................... 28,000 Dividends paid ....................................... 120,000 Purchase of equipment ................................ 150,000 Increase in long - term note payable ................... 300,000 Net cash provided by operating activities for 2014 should be reported as
a. $ 84,000 .
b. $ 204,000 .
c. $ 234,000 .
d. $ 324,000 .
Answer:  b.   $ 204,000 .
35 .   The following information is available from the financial statements of Barrington Corporation for the year ended December 31 , 2014 : Net income .......................................... $ 396,000 Depreciation expense ................................ 102,000 Decrease in accounts receivable ..................... 126,000 Increase in inventories ............................. 90,000 Increase in accounts payable ........................ 24,000 Payment of dividends ................................ 54,000 Purchase of available - for - sale securities ........... 22,000 Decrease in income taxes payable .................... 16,000 What is Barrington Corporation 's net cash flow from operating activities ?
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36 .   The following information is available from Dodger Corporation 's accounting records for the year ended December 31 , 2014 : Cash paid to suppliers and employees ................ $ 1,020,000 Cash dividends paid ................................. 60,000 Cash received from customers ........................ 1,740,000 Rent received ....................................... 20,000 Taxes paid .......................................... 220,000 Net cash flow provided by operating activities for 2014 was
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37 .   Waller Corporation had the following account balances for 2014 : December 31 January 1 Accounts Payable ...................... $ 67,200 $ 58,200 Prepaid Rent Expense .................. 24,600 37,200 Accounts Receivable ( net ) ............. 84,000 66,600 Waller ’s 2014 net income is $ 450,000 . What amount should Waller include as net cash provided by operating activities in its 2014 statement of cash flows ?
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38 .   Almondine Company sold a computer for $ 50,000 . The computer 's original cost was $ 250,000 , and the accumulated depreciation at the date of sale was $ 180,000 . The sale of the computer should appear on Almondine ’s annual statement of cash flows ( indirect method ) as
a . a reduction in cash flows from operating activities of $ 20,000 and an increase in cash flows from investing activities of $ 50,000 .
b. an increase in cash flows from operating activities of $ 20,000 and an increase in cash flows from investing activities of $ 50,000 .
c. a reduction in cash flows from operating activities of $ 20,000 and an increase in cash flows from investing activities of $ 70,000 .
d . an increase in cash flows from operating activities of $ 20,000 and an increase in cash flows from investing activities of $ 70,000 .
39 .   Citrus Inc. declared and paid cash dividends of $ 100,000 on common stock and $ 75,000 on preferred stock . How would these dividends be presented in Citrus ’ statement of cash flows ?
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40 .   During 2014 , Larson Corp. acquired buildings for $ 325,000 , paying $ 75,000 cash and signing a 10 % mortgage note payable in 10 years for the balance . How should the transaction be shown in the cash flow statement for Larson in 2014 ?
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41 .   See information regarding Dingo Boot Company above . The net cash provided by ( used in ) operating activities is
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42 .   See information regarding Ding Boot Company above . The net cash provided by ( used in ) investing activities is
a. $ 220,000 .
b. $ 140,000 .
c. $ 60,000 .
35.The following information is available from the financial statements of Barrington Corporation for the year ended December 31, 2014:Net income ..........................................$396,000Depreciation expense ................................102,000Decrease in accounts receivable .....................126,000Increase in inventories .............................90,000Increase in accounts payable ........................24,000Payment of dividends ................................54,000Purchase of available-for-sale securities ...........22,000Decrease in income taxes payable ....................16,000What is Barrington Corporation's net cash flow from operating activities?a.$440,000b.$466,000c.$520,000d.$542,000
36.The following information is available from Dodger Corporation's accounting records for the year ended December 31, 2014:Cash paid to suppliers and employees ................$1,020,000Cash dividends paid .................................60,000Cash received from customers ........................1,740,000Rent received .......................................20,000Taxes paid ..........................................220,000Net cash flow provided by operating activities for 2014 was
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37.Waller Corporation had the following account balances for 2014:December 31January 1Accounts Payable ......................$67,200$58,200Prepaid Rent Expense ..................24,60037,200Accounts Receivable (net) .............84,00066,600Waller’s 2014 net income is $450,000. What amount should Waller include as net cash provided by operating activities in its 2014 statement of cash flows?
38.Almondine Company sold a computer for $50,000. The computer's original cost was $250,000, and theaccumulated depreciation at the date of sale was $180,000. The sale of the computer should appear on Almondine’s annual statement of cash flows (indirect method) as
39.Citrus Inc. declared and paid cash dividends of $100,000 on common stock and $75,000 on preferred stock. How would these dividends be presented in Citrus’ statement of cash flows?a.As a $100,000 reduction in cash flows from investing activitiesb.As a $175,000 reduction in cash flows from investing activitiesc.As a $100,000 reduction in cash flows from financing activitiesd.As a $175,000 reduction in cash flows from financing activities
40.During 2014, Larson Corp. acquired buildings for $325,000, paying $75,000 cash and signing a 10% mortgage note payable in 10 years for the balance. How should the transaction be shown in the cash flow statement for Larson in 2014?

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