Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20 and 22 please B- False 20. Oak Inc. conducted the following activities during 2016: Sold an investment in Mackey Motors for $35,000 (carrying amount

image text in transcribed20 and 22 please
B- False 20. Oak Inc. conducted the following activities during 2016: Sold an investment in Mackey Motors for $35,000 (carrying amount of $ 33,000) Collected dividends of $1,200 on stock investments Acquired 2000 shares of stock in Fleming Co. for $26,000 Purchased a $50,000, five-year bank certificate of deposit. Received $3,750 in interest from the bank. What amount should be reported as "Net Cash Flows Used by Investing Activities" in Oak's 2016 Statement of Cash Flows? A. $37,250 B. $39,800 C. $41,000 21. Free cash flow can be measured as cash current liabilities cash from operations -capital expenditure net income + depreciation expense 22. In calculating total cash flow to a firm, which of the following is not included? A. Cash dividends B. Operating cash flow C. Additions to net working capital D. Capital spending in Gods (CSG) has net income of $805 million for 2016. Using information from norr ahld he for CSG, Assume the income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cybersecurity In Finance

Authors: Sylvain Bouyon, Simon Krause

1st Edition

1786612178, 9781786612175

More Books

Students also viewed these Finance questions