100. On February 15, Jewel Company buys 7,100 shares of Marcelo Corp. common stock at $28.54 per share plus a brokerage fee of $400. The stock is classified as available-for-sale securities. This is the companys first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.16 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.31 per share less a brokerage fee of $250. The journal entry to record the dividend on April 15 is:

Multiple Choice

• Debit Cash $8,236; credit Gain on Sale of Investments $8,236.

• Debit Cash $7,511; credit Dividend Revenue $7,511.

• Debit Cash $8,236; credit Dividend Revenue $8,236.

• Debit Cash $8,236; credit Interest Revenue $8,236.

• Debit Cash $7,511; credit Interest Revenue $7,511.

101. On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $29.48 per share plus a brokerage fee of $400. The stock is classified as available-for-sale securities. This is the companys first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $30.10 per share less a brokerage fee of $250. The balance in the investment account on April 16 is:

Multiple Choice

• $198,460.

• $206,360.

• $198,710.

• $206,760.

• $198,310.

120. 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	$	54,000
Accounts payable increased by		20,000
Accounts receivable decreased by		29,000
Inventories decreased by		7,000
Cash dividends paid were		16,000
Depreciation expense was		24,000

Net cash provided by operating activities was:

Multiple Choice

• $134,000.

• $74,000.

• $120,000.

• $75,000.

• $28,000.

126. Current information for the Healey Company follows:

Beginning raw materials inventory	$	16,700
Raw material purchases		61,500
Ending raw materials inventory		18,100
Beginning work in process inventory		23,900
Ending work in process inventory		29,500
Direct labor		44,300
Total factory overhead		31,500

All raw materials used were traceable to specific units of product. Healey Company's direct materials used for the year is:

Multiple Choice

• $79,600.

• $78,200.

• $61,500.

• $60,100.

• $62,900.

133. On February 15, Jewel Company buys 7,100 shares of Marcelo Corp. common at $28.54 per share plus a brokerage fee of $405. The stock is classified as available-for-sale securities. This is the companys first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.16 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.31 per share less a brokerage fee of $255. The fair value of the remaining shares is $29.51 per share. The amount that Jewel Company should report in the equity section of its year-end December 31 balance sheet for its investment in Marcelo Corp. is (Round your intermediate dollar values to the nearest dollar amount):

Multiple Choice

• Unrealized Gain Equity; $3,242.

• Unrealized Gain Equity; $10,512.

• Unrealized Loss Equity; $2,276.

• Unrealized Gain Equity; $6,482.

• Realized Gain Equity; $8,236.