1- Analysis reveals that Vision company had a net decrease in cash of $4,000 for the current year. Net cash provided by operating activities was $18,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the year-end cash balance is $21,000, the beginning cash balance was:

Select one:

a.$7,000.

b.$25,000.

c.$17,000.

d.$3,000.

2- MANAR Company issued common stock for $480,000 cash. The company declared and paid cash dividends of $52,000 and purchased treasury stock at a cost of $23,000. The financing section of the statement of cash flows will report Net cash provided by financing activities of:

Select one:

a.$428,000.

b.$503,000.

c.$480,000.

d.$405,000.

3- A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.

Select one:

a.$141,000.

b.$155,000.

c.$145,800.

d.$139,000.

4- Ramon Corporation paid cash dividends totaling $75,000 during its most recent fiscal year. How should this information be reported on Becker's statement of cash flows?

Select one:

a.In investing activities as an outflow of cash..

b.In financing activities as an inflow of cash.

c.In operating activities as an outflow of cash.

d.In financing activities as an outflow of cash

5- On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The bonds are sold for $312,177. The journal entry to record the issuance of the bond is:

Select one:

a.Debit Bonds Payable $300,000; debit Interest Expense $12,177; credit Cash $312,177.

b.Debit Cash $312,177; credit Discount on Bonds Payable $12,177; credit Bonds Payable $300,000.

c.Debit Cash $312,177; credit Premium on Bonds Payable $12,177; credit Bonds Payable $300,000.

d.Debit Cash $300,000; debit Premium on Bonds Payable $12,177; credit Bonds Payable $312,177.