Question
1a. Blanton Ridge, Inc.s Salaries and Wages Expense is $450,200 during the year and the beginning and ending balances of Salaries and Wages Payable are
1a. Blanton Ridge, Inc.s Salaries and Wages Expense is $450,200 during the year and the beginning and ending balances of Salaries and Wages Payable are $18,100 and $16,600, respectively, the cash paid to employees is:
1b. Marvin Industries owns a piece of equipment with a cost of $148,000 and accumulated depreciation of $121,000. The equipment is sold for $52,200 cash. The amount that should be reported as a cash inflow from investing activities is:
1c. The Retained Earnings account has a beginning balance of $326,975 and an ending balance of $357,313. Net income is $40,701. Which of the following statements is correct?
1d.
1e.
Net income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment $8,500 2,200 3,100 5,600 1,300 4,400 The company would report net cash provided by (used in) financing activities of: Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities Net cash provided by investing activities Cash balance, beginning of year Cash balance, end of year $26,500 5,400 7,000 11,500 What is the amount of net cash provided by (used in) financing activities
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