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10:55 bbhosted.cuny.edu 9. In preparing Titan Inc.'s statement of cash flows for the year ended December 3 2011, the following amounts were available: $320,000 Collect
10:55 bbhosted.cuny.edu 9. In preparing Titan Inc.'s statement of cash flows for the year ended December 3 2011, the following amounts were available: $320,000 Collect note receivable Issue bonds payable Purchase treasury stock 406,000 210,000 What amount should be reported on Titan, Ine's statement of cash flows for financing activities? a. S86,000 b. $726,000 c. $196,000 d. $110,000 10. Jarvis, Inc. reported net income of S34,000 for the year ended December 31, 2011 Included in net income were depreciation expense of $8,400 and a gain on sale of equipment of S1,700. Each of the following accounts increased during 2011 $2,200 Accounts receivable Inventory Prepaid rent $4,500 Available-for-sale securities Accounts payable $1,000 $5,000 What is the amount of cash provided by operating activities for Jarvis, Inc. for the year ended December 31, 20112 a. S31,200 b. S33,900 c. $22,200 d. $32,200 Jarvis, Inc. reported net income of S34,000 for the year ended December 3 20 Included in net income were depreciation expense of $8,400 and a gain on sale of equipment of $1,700. The equipment had an historical cost of $40,000 and accumulated depreciation of $24,000. Each of the following accounts increased during 2011: Patents Prepaid rent Available-for-sale securities Bonds payable $4,500 S6,800 $1,000 S5,000 What is the amount of cash provided by or used by investing activities for Jarvis, Inc. for the year ended December 31,2011? a. (S 3,800) b. 5,400 c. S12,200 d. $17,200
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