1) A machine with a cost of $156,000, accumulated depreciation of $98,000, and current year depreciation expense of $23,500 is sold for $50,400 cash The amount that should be reported as a source of cash under cash flows from investing activities is Multiple Choice $7,600 $50,400 $47,600 $23,500 $24,100 2)The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended The following information is available Retained earnings balance at the beginning of the year $ 135,000 Cash dividends declared for the year 55,000 Proceeds from the sale of equipment 90,000 Gain on the sale of equipment 8,800 Cash dividends payable at the beginning of the year 27,000 Cash dividends payable at the end of the year 30,800 Net income for the year 101,000 What is the ending balance for retained earnings Multiple Choice $211,000 $266,000 $294,000 $181,000 $192,000 3) A machine with a cost of $166,000, current year depreciation expense of $26,000 and accumulated depreciation of $103,000 is sold for $54,400 cash The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is Multiple Choice $26,000 $5,440 $34,600 $80,400 $15,600 4) The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended The following information is available Retained earnings balance at the beginning of the year $ 839,000 Net income for the year 240,000 Cash dividends declared for the year 44,000 Retained earnings balance at the end of the year 1,067,000 Cash dividends payable at the beginning of the year 10,400 Cash dividends payable at the end of the year 11,600 What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows Multiple Choice $66,000 $45,200 $42,800 $44,000 $1,200

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1) A machine with a cost of $156,000, accumulated depreciation of $98,000, and current year depreciation expense of $23,500 is sold for $50,400 cash. The

1) A machine with a cost of $156,000, accumulated depreciation of $98,000, and current year depreciation expense of $23,500 is sold for $50,400 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

Multiple Choice

$7,600.
$50,400.
$47,600.
$23,500.

$24,100.

2)The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:


Retained earnings balance at the beginning of the year	$	135,000
Cash dividends declared for the year		55,000
Proceeds from the sale of equipment		90,000
Gain on the sale of equipment		8,800
Cash dividends payable at the beginning of the year		27,000
Cash dividends payable at the end of the year		30,800
Net income for the year		101,000

What is the ending balance for retained earnings?

Multiple Choice

$211,000.
$266,000.
$294,000.
$181,000.
$192,000.

3) A machine with a cost of $166,000, current year depreciation expense of $26,000 and accumulated depreciation of $103,000 is sold for $54,400 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:

Multiple Choice
$26,000.
$5,440.
$34,600.
$80,400.

$15,600.

4) The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:


Retained earnings balance at the beginning of the year	$	839,000
Net income for the year		240,000
Cash dividends declared for the year		44,000
Retained earnings balance at the end of the year		1,067,000
Cash dividends payable at the beginning of the year		10,400
Cash dividends payable at the end of the year		11,600