1) Bagrov Corporation had a net decrease in cash of $11,500 for the current year. Net cash used in investing activities was $53,500 and net cash used in financing activities was $39,500. What amount of cash was provided (used) in operating activities?

Multiple Choice

• $81,500 provided.

• $(11,500) used.

• $(81,500) used.

• $104,500 provided.

• $(104,500) used.

  2) Bagwell's net income for the year ended December 31, Year 2 was $196,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.

  At December 31	Year 2			Year 1
  Common Stock, $5 par value	$	511,000		$	459,900
  Paid-in capital in excess of par		959,000			862,900
  Retained earnings		699,000			591,900

  Multiple Choice

• $96,100.

• $107,100.

• $147,200.

• $88,900.

• $51,100.

  3) The accountant for Huckleberry 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	$	156,000
  Cash dividends declared for the year		48,000
  Net income for the year		94,500

  What is the ending balance for retained earnings?

  Multiple Choice

• $108,000.

• $250,500.

• $271,500.

• $13,500.

• $202,500.

  4) A company's income statement showed the following: net income, $134,000 and depreciation expense, $33,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,400; merchandise inventory increased $20,000; and accounts payable increased $4,400. Calculate the net cash provided or used by operating activities.

  Multiple Choice

• $128,000.

• $172,200.

• $193,000.

• $161,800.

• $132,200.