45.	During the year Buster Company's prepaid expense account decreased by $2,000. With regards to Buster's cash flow statement, this would result in
	A)	a $2,000 deduction from net income in the operating activities section.
	B)	a $2,000 addition to net income in the operating activities section.
	C)	a $2,000 deduction in the investing activities section.
	D)	a $2,000 addition in the investing activities section.
	E)	no effect on the cash flow statement.

46.	In Conley Company's records, land decreased $120,000 because of a cash sale for $150,000; the equipment account increased $40,000 as a result of a cash purchase; and Bonds Payable increased $130,000 from a bond issuance for cash at face value. The sale of land resulted in a gain of $30,000. The net cash provided by investing activities is
	A)	$110,000
	B)	$140,000
	C)	$190,000
	D)	$210,000
	E)	$240,000

47.	In addition to issuing 200,000 shares of stock for $325,000 cash, Bilton Company purchased investments in exchange for $100,000 of common stock during the current year. Other information for Bilton follows: Net income of $150,000 and depreciation expense of $15,000 was recorded; accounts receivable increased by $47,000, accounts payable decreased by $120,000, and cash dividends of $10,000 were paid during the year. What amount should Bilton record as net cash flows from financing activities?
	A)	$425,000
	B)	$415,000
	C)	$315,000
	D)	$215,000
	E)	$213,000

48.	Cookie Company is preparing its year-end statement of cash flows. The equipment account on the comparative balance sheet reports a beginning balance of $60,000 and an ending balance of $70,000. Cookie Company's accountant is seeking additional information regarding the change in the equipment account. Which of the following is a possible explanation?
	A)	Cookie Company sold equipment during the year for $10,000.
	B)	Cookie Company sold equipment with a cost of $15,000; and book value of $5,000, for $10,000.
	C)	Cookie Company acquired equipment in exchange for 15,000 shares of its $1 par common stock that had a total market value of $25,000.
	D)	Cookie Company retired a piece of equipment that has a book value of $0 and an original cost of $15,000; and purchased a replacement piece of equipment for $25,000.
	E)	None of the above scenarios are possible explanations.

49.	Hackett Company reported a net loss of $78,000 and net cash flows from operating activities of $28,000 in its most current fiscal year. Hackett's statement of cash flows reported two adjustments to net income. One adjustment was $8000 for depreciation expense, and the other adjustment was for the change in accounts receivable. Given this information, we know that during the current fiscal year accounts receivable
	A)	decreased $58,000
	B)	increased $58,000
	C)	decreased $98,000
	D)	increased $98,000
	E)	increased $36,000

50.	Dot Company reported a net income of $135,000 and net cash flows from operating activities of $133,000 in its most current fiscal year. Dot's statement of cash flows reported two adjustments to net income. One adjustment was for a $6000 gain on the sale of PPE, and the other adjustment was for the change in accrued expenses. Given this information, we know that during the current fiscal year Dot's
	A)	current assets decreased $4000
	B)	current liabilities increased $4000
	C)	current assets increased $8000
	D)	current liabilities decreased $8000
	E)	current assets decreased $2000