1.9

5 multiple choice questions:

TB MC Qu. 01-71 (Static) Jackson Company had a net increase... and $11,000, what was the net cash change from investing activities? Multiple Choice An outflow or decrease of $1,000 An inflow or increase of $2,000 An inflow or increase of $1,000 Zero Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1,900 cash from the issue of common stock. 2) Borrowed $1,370 from a bank. 3) Earned $1,600 of revenues. 4) Paid expenses of $440. 5) Paid a $240 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $1,275 of common stock. 2) Repaid $885 of its debt to the bank. 3) Earned revenues of $1,700. 4) Incurred expenses of $740. 5) Paid dividends of $290. What is Packard Company's net cash flow from financing activities for Year 2? Multiple Choice $100 inflow $1,175 inflow $885 outflow $985 outflow TB MC Qu. 01-91 (Static) Santa Fe Company was started on January... Santa Fe Company was started on January 1, Year 1, when it acquired $9,000 cash by issuing common stock. During Year 1 , the company earned cash revenues of $4,500, paid cash expenses of $3,750, and paid a cash dividend of $250. Which of the following is true based on this information? Multiple Choice The December 31, Year 1 balance sheet would show total equity of $8,750. The Year 1 income statement would show net income of $500. The Year 1 statement of cash flows would show net cash inflow from operating activities of $4,500. The Year 1 statement of cash flows would show a net cash inflow from financing activities of $8,750. TB MC Qu. 01-91 (Algo) Santa Fe Company was started on January... Santa Fe Company was started on January 1, Year 1 , when it acquired $9,600 cash by issuing common stock. During Year 1 , the company earned cash revenues of $5,900, paid cash expenses of $3,550, and paid a cash dividend of $1,100. Which of the following is true based on this information? Multiple Choice The Year 1 income statement would show net income of \$1,250. The Year 1 statement of cash flows would show net cash inflow from operating activities of $5,900. The Year 1 statement of cash flows would show a net cash inflow from financing activities of $8,500. The December 31 , Year 1 balance sheet would show total equity of $8,500. Lexington Company engaged in the following transactions during Year 1 , its first year in operation: (Assume all transactions are cash transactions.) 1. Acquired $4,900 cash from issuing common stock. 2. Borrowed $3,150 from a bank. 3. Earned $4,050 of revenues. 4. Incurred $2,590 in expenses. 5. Paid dividends of $590. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) 1. Acquired an additional $1,450 cash from the issue of common stock. 2. Repaid $1,965 of its debt to the bank. 3. Earned revenues, $5,450. 4. Incurred expenses of $3,130. 5. Paid dividends of $1,780. What was the net cash flow from financing activities reported on Lexington's statement of cash flows for Year 2 ? Multiple Choice $2,295 outflow $2,295 inflow $1,450 inflow $1,450 outflow