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27 text In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on the sale of
27 text In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on the sale of equipment: 14000 Purchase of equipment: 145,000 Proceeds from the sale of equipment: 126000 Repayment of outstanding stock: 87000 Purchase of treasury stock: 62000 Issuance of common stock: 96000 Purchase of Land: 115000 Increase in accounts receivable during the year: 43000 Decrease in accounts payable during the year: 75000 Payment of cash dividends: 35000Answers: Net cash flows from financing activities for the year were: Answer Question 27 answers A.$130,000 of net cash used by financing activities. B.$165,000 of net cash used by financing activities. C.$222,000 of net cash used by financing activities. D.$88,000 of net cash used by financing activities. E.$206,000 of net cash used by financing activities. Question 24 Question 24 text A company may retire bonds by: Answer Question 24 answers Exercising a call option. The holders converting them to stock. Purchasing the bonds on the open market. Paying them off at maturity. All of these. Question 22 Question 22 text A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. Answer Question 22 answers $139,000. $141,000. $145,800. $155,000. $167,000
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