Spiceland topic cash flows from investing activities

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Spiceland - Chapter 21 #72 Topic: Cash flows from investing activities
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73. In preparing its cash flow statement for the year ended December 31, 2013, Red Co. gathered the following data: In its December 31, 2013, statement of cash flows, what amount should Red report as net cash outflows from investing activities? A. $340,000. B. $352,000. C. $376,000. D. $388,000. $20,000 - 360,000 = $340,000 AACSB: Analytic AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium Learning Objective: 21-05 Identify transactions that are classified as investing activities. Learning Objective: 21-08 Prepare a statement of cash flows with the aid of a spreadsheet or T-accounts. Spiceland - Chapter 21 #73 Topic: Cash flows from investing activities Topic: Preparation of the statement of cash flows
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74. Red Manufacturing Company owns 40% of the outstanding common stock of Blue Supply Company. During 2013, Red received a $50 million cash dividend from Blue. What effect did this dividend have on Red's 2013 statement of cash flows? Investment revenue is an operating activity. AACSB: Analytic AICPA FN: Measurement Blooms: Analyze Difficulty: 2 Medium Learning Objective: 21-05 Identify transactions that are classified as investing activities. Spiceland - Chapter 21 #74 Topic: Cash flows from investing activities 75. Charlene Company sold a printer with a cost of $68,000 and accumulated depreciation of $23,000 for $20,000 cash. This transaction would be reported as: AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Difficulty: 1 Easy Learning Objective: 21-05 Identify transactions that are classified as investing activities. Spiceland - Chapter 21 #75
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Topic: Cash flows from investing activities 76. Which of the following is reported as an investing activity in the statement of cash flows? AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Difficulty: 2 Medium Learning Objective: 21-05 Identify transactions that are classified as investing activities. Spiceland - Chapter 21 #76 Topic: Cash flows from investing activities
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