17. All can be classified as cash and cash equivalents, except a. Time deposit due in 60 days! b. Treasury bills due for repayment in 90 days c. Equity investments d. Bank overdraft 14. Which classification of the cash flow arising from the proceeds from an earthquake disaster settlement would be most appropriate a. Cash flow from operating activities b. Cash flow from investing activities C. Cash flow from financing activities d. Does not appear in the statement of cash flows 17. When an entity purchased a three month Treasury bill, how would the purchase be treated in preparing the statement of cash flows? a. Not reported b. An outflow for financing activities c. An outflow for lending activities d. An outflow for investing activities 19. Bank overdrafts that are repayable on demand and the bank balance often fluctuates from positive to overdrawn shall be classified as a. Operating activities b. Investing activities c. Financing activities d. Component of cash and cash equivalents 1. Ribbon Company provided the following information during the current year: Dividend received 500,000 Dividend paid 1,000,000 Cash received from customers 9,000,000 Proceeds from issuing share capital 1,500,000 Interest received 200,000 Proceeds from sale of long term 2,000,000 investments Cash paid to suppliers and employees 6,000,000 Interest paid on long term debt 400,000 Income taxes paid 300,000 Cash balance January 1 1,800,000 Ta. What is the net cash provided by operating activities a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 Ib. What is the net cash provided by investing activities a. 2,500,000 b. 2,000,000 c. 2,200,000 d. -O- I I 1c. What is the net cash provided by financing activities a. 1,500,000 b. 1,000,000 c. 500,000 d. -O- 1d. What is the cash balance on December 31 a. 6,300,000 b. 5,500,000 c. 4,800,000 d. 7,300,000 2. On December 31, 2020, Kale Company had the following balances in the accounts maintained at First Bank Checking account #101 1,750,000 Checking account #201 (100,000) Time deposit 250,000 Money market placement 1,000,000 90-day treasury bill, due February 28, 2021 500,000 180-day treasury bill, due March 15, 2021 800,000 The entity classified investments with original maturities of three months or less as cash equivalents. On December 31, 2020, what amount should be reported as cash and cash equivalents? a. 3,400,000 b. 2,000,000 c. 2,400,000 d. 3,200,000 3. Oakwood Company provided the following data for the year Cash balance, beginning of year 1,300,000 Cash flow from financing activities 1,000,000 Cash flow from operating activities 400,000 Cash flow from investing activities (1,500,000) Total shareholders' equity, beginning of year 2,000,000 What is the cash balance at the end of current year? a. 1,200,000 b. 1,600,000 c. 1,400,000 d. 1,700,000 4. Alpha Company had the following activities during the current year: Acquired 2,000 shares as investment for P2,600,000 Sold an investment for P3,500,000 when the carrying amount was P3,300,000 Acquired a P5,000,000, 4-year certificate of deposit from a bank. During the year, interest of P375,000 was paid to Alpha. Collected dividends of P120,000 on share investments. . In the statement of cash flows, what amount should be reported as net cash used in investing activities? a. 3,725,000 b. 3,805,000 c. 3,980,000 d. 4,100,000 was 5.Kollar Company provided the following data for the current year: Purchase of real estate for cash 5,500,000 Cash borrowed from bank to 5,500,000 purchase real estate Sale of investment for cash 5,000,000 Dividend paid 6,000,000 Issuance of ordinary shares for cash 2,500,000 Purchase of patent for cash 1,250,000 Payment of bank loan 1,500,000 Issuance of bonds payable for cash 3,000,000 5a. What is the net cash provided by financing activities? a. 5,000,000 b. 3,500,000 c. 4,500,000 d. 5,500,000 5b. What is the net cash used in investing activities a. 6,750,000 b. 3,750,000 c. 1,750,000 d. 500,000
