1. Which of the following properly describes the impact on the financial statements when a company reports wage expense of $8,100, of which $3,100 remains unpaid?

2.

Husky Company has provided the following information for its most recent year of operation:

Cash collected from customers totaled $91,200.

Cash borrowed from banks totaled $35,500.

Cash paid to employees totaled $34,000.

Cash paid for interest totaled $6,700.

Cash received from selling Husky stock to stockholders totaled $60,000.

Cash payments to banks for repayment of money borrowed totaled $9,400.

Cash paid for operating expenses totaled $9,800.

Land costing $38,000 was sold for $38,000 cash.

Cash paid for dividends to stockholders totaled $5,200.

How much was Husky's cash flow from operating activities? 3.

During 2010, Rock Company's cash balance increased from $81,000 to $92,500. Rock's net cash flow from operating activities was $38,500 and its net cash flow from financing activities was $13,500. How much was Rock's net cash flow from investing activities?

4.

Husky Company has provided the following information for its most recent year of operation:

Cash collected from customers totaled $89,400.

Cash borrowed from banks totaled $31,900.

Cash paid to employees totaled $32,200.

Cash paid for interest totaled $3,100.

Cash received from selling Husky stock to stockholders totaled $42,000.

Cash payments to banks for repayment of money borrowed totaled $7,600.

Cash paid for operating expenses totaled $8,000.

Land costing $20,000 was sold for $20,000 cash.

Cash paid for dividends to stockholders totaled $3,400.

How much was Husky's cash flow from financing activities?