1.)Team Shirts Inc, had net cash from operating activities of $40000. It paid $25000 to buy a new screen-printing system, and repaid a $10,000 loan. Net Cash for the period was

A.) $5000

B.) $55000

C.) $75000

D.) $40000

I think D

2.) To prepare the statement of Cash flows using the indirect method___________net income

a.) a purchase of a machine is subtracted from

b.) cash paid for dividends is added to

c.) a decrease in accounts payable is subtracted from

d.) a decrease in inventory is subtracted from

I pick C.

3.) How much of this company capital was paid-in by shareholders?

Common stock $1 par, 100,000 shares authorized

_____________________ shares issued........ $40,000

Additional paid-in capital............................... $160,000

Retained earnings......................................... $100,000

Treasury stock (1,000 shares at cost)............. (6,000)

Total shareholders equity............................ = $294000

A.) 40000

B.)160000

C.) 200000

D.) 294000