Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 points 15. A company sells an old piece of equipment for $5,000 cash. At the same moment, it buys a new truck for $25,000.
4 points 15. A company sells an old piece of equipment for $5,000 cash. At the same moment, it buys a new truck for $25,000. It paid also $2000 as dividends to its shareholders. The cash flow from investing activities for this company is: * O $-20,000 O $-22,000 $ 20,000 $-30,000 None of the above 4 points 14. ABC company reported a Net income of $91 million for year N. Depreciation expense was $141 million. Net interest expense was $60 million. Tax rate is 30%. The Earnings before interest, taxes and depreciation (EBITDA) for this company is: * O $41 million $292 million O $331 million O $190 million O None of the above 13. Master Inc. had $85,000 in 4 points cash on the balance sheet at the beginning of 2016. You know that cash flow from operating activities totaled $1,150,000 inflow and cash flow from long-term investing activities totaled $900,000 outflow. Furthermore, Master repaid a long-term loan of $150,000, issued common stock for a total amount of $50,000. The Company paid dividends to common stockholders of $75,000. The amount of cash flows provided from financing activities is: * O -275,000 O -175,000 25,000 O 125,000 None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started