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?