Answered step by step
Verified Expert Solution
Question
1 Approved Answer
42. Cash Flow from (or used by) Operating Activities for Wallis Corporation is? a) (S147,800) b) S165,900 c) $174,500 d) $182,300 e) None of the
42. Cash Flow from (or used by) Operating Activities for Wallis Corporation is? a) (S147,800) b) S165,900 c) $174,500 d) $182,300 e) None of the above 43. Cash collected from customers is: a) $410,500 b) $489,500 c) $407.600 d) $450,000 e) None of the above 44. Cash paid for wages is: a) $134,000 b) $3,000 c) $135,000 d) $133.000 e) None of the above 45. Cash Flow from (or used by) Investing Activities for Wallis Corporation is? a) (S120,000) b) ($110.300) c) ($105,000) d) $95,000 e) None of the above 46. Cash Flow from (or used by) Financing Activities for Wallis Corporation is? a) ($10,000) b) ($35,000 c) ($15.400) d) ($40.400) e) None the above Use the following information to answer questions 47-49 The following information is available for Bounty Bay Corporation for the year ended December 31, 2015: Collection of principal on long-term loan to a supplier Purchase of equipment for cash Proceeds from the sale of long-term investment at carrying amount Issue of common shares for cash Depreciation expense Payment of the principal of the long-term bank loan Payment of cash dividends Profit Purchase of land by issuing mortgage payable $25,000 12,000 28,000 23,500 19,000 33,000 14.250 51,750 35,000 In addition, the following information is available from the comparative statements of financial position for Bounty Bay Corporation at the end of 2015 and 2014
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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