14 The following data are available for Orange corporation Sales of land $100,000 Sale of equipment $50,000 Issuance of common stock $70,000 Purchase of equipment $30,000 Payment of cash dividends $60,000 Net cash provided by investing activities are O $120,000 $130,000 $150,000 O $190,000 O None of the above B Question 15 The following data are available for the Allen Corporation. Net income $200,000 Depreciation expense $40,000 dividends paid $60.000 decrease in accounts receivable $20,000 decrease in accounts payable $30,000 What is the net cash provided by operating activity? $230,000 O $160,000 O $190,000 O $250,000 O None of the above W Question 16 X Corporation prepays Insurance $36,000 at the start of the whole year. The entry for the amount paid is? O Prepaid expense increase $36,000; Cash decrease $36,000 O Cash decrease $36,000 Insurance liability decrease $36,000 O Cash decrease $36,000 Prepaid expense decrease $36,000 O None of the above Question 17 X Corp receives cash $30,000 for products not yet delivered. The entry recorded is O Cash increase $30,000; Liability increase $30,000 O Liability increase $30,000; Revenue increase $30,000 O Asset (Accounts receivable) increase $30,000; Revenue decrease $30,000 O Cash increases $30,000; Liability decrease $30,000 O None of the above