1.The following are data concerning cash received or paid from various transactions for Orange Peels Corporation: Sale 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

How much is net cash provided by investing activities in the statement of cash flows?

2.The following data are available for Allen Clapp Corporation:

Net income $200,000

Depreciation expense 40,000

Dividends paid 60,000

Gain on sale of land 10,000

Decrease in accounts receivable 20,000

Decrease in accounts payable 30,000

How much is cash provided by operating activities using the indirect method for the statement of cash flows?

3.What are the MIS reports?

4.Define the term material facts in accounting

5.What do we mean by purchase return in accounting?

6.Define dual aspect term in accounting

7.How much statistics knowledge is necessary or required in accounting?

8.Define balancing in accounting

9.Differentiate between consignor and consignee

10.What is capital expenditure