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11 Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $131,250 and
11 Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $131,250 and an original cost of $225,000 was sold at a loss of $12.750. (2) Paid $46,500 cash for a new truck (3) Sold land costing $24.000 for $27,000 cash, realizing a $3,000 gain. (4) Purchased treasury stock for $45,750 cash. (5) Long-term investments in stock are sold for $30,750 cash, realizing a gain of $2,625. A. $129,750 cash used in investing activities. B. $129,750 cash provided by investing activities. C. $84,000 cash provided by investing activities. D.$84,000 cash used in investing activities. QUESTION 12 Which section of the statement of cash flows is used to report the purchase of a building by issuing a 9-month note payable? A. Investing activities. B. Schedule of noncash investing or financing activity. C. Operating activities. D. Financing activities. D. Financing activities. QUESTION 13 The indirect method for the preparation of the operating activities section of the statement of cash flows: A. Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities. B. Must not be used in all circumstances. C. Separately lists each major item of operating cash payments. D. Separately lists each major item of operating cash receipts. QUESTION 15 Lidl Company issues 8%, 10-year bonds with a par value of BD1,000,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is: A. BD4,000. B. BD8,000. C. BD40,000. D. BD80,000
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