1. Bell Co. prepares its statement of cash flows using the indirect method. Selected items pertaining to...
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Question:
1. Bell Co. prepares its statement of cash flows using the indirect method. Selected items pertaining to its cash flow are listed below. What amount should Bell Co. report as net cash provided by financing activities in its statement of cash flows for the year?
Bonds Issued | $90,000 |
Treasury Stock repurchased | $23,000 |
Trading securities purchased | $35,000 |
Cash Dividends paid | $15,000 |
Gain on available-for-sale investment | $11,000 |
A. $28,000
B. $52,000
C. $63,000
D. $90,000
2. During the year, cash increased by $620 million. Investing and financing activities created positive cash flow totaling $1,040 million. What were net cash flows from operating activities in the statement of cash flows?
A. Outflow of $420 million
B. Outflow of $620 million
C. Inflow of $1,240 million
D. Inflow of $620 million
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