1. Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $39,000; net cash used in investing activities was $14,400 and net cash used in financing activities was $18,600. If the beginning cash balance is $7,200, what is the ending cash balance?

2. A company reported that its bonds with a par value of $50,000 and a carrying value of $60,500 are retired for $64,200 cash, resulting in a loss of $3,700. The amount to be reported under cash flows from financing activities is:

3. A machine with a cost of $141,000 and accumulated depreciation of $90,500 is sold for $61,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:

4. Use the following information to calculate cash received from dividends:

Dividends revenue	$	37,800
Dividends receivable, January 1		4,200
Dividends receivable, December 31		6,600

5.

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	$	162,000
Cash dividends declared for the year		50,400
Net income for the year		97,500

What is the ending balance for retained earnings?

6.

n preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was	$	75,000
Accounts payable increased by		20,300
Accounts receivable decreased by		27,300
Inventories increased by		9,600
Depreciation expense was		36,900

Net cash provided by operating activities was:

7. A machine with a cost of $154,000, accumulated depreciation of $97,000, and current year depreciation expense of $23,000 is sold for $49,600 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

8.

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Net income	$	86,100
Depreciation expense		12,800
Gain on sale of land		8,300
Increase in merchandise inventory		2,850
Increase in accounts payable		6,950

9.

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was	$	80,000
Accounts payable decreased by		32,000
Accounts receivable increased by		39,000
Inventories increased by		19,000
Depreciation expense was		58,000

Net cash provided by operating activities was:

10.

The cash flow on total assets ratio is calculated by:

• Dividing total cash flows by average total assets.

• Dividing average total assets by cash flows from investing activities.

• Dividing cash flows from operations by average total assets.

• Dividing average total assets by total cash flows.

• Total cash flows divided by average total assets times 365.

11.

The statement of cash flows reports:

• Changes in equity.

• Cash inflows and cash outflows for an accounting period.

• Assets, liabilities, and equity.

• Equity, net income, and dividends.

• Revenues, gains, expenses, and losses.