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5. In general, the order of reporting stockholders' equity on the balance sheet is: A.Common Stock, Preferred Stock, Paidsin Capital in Excess of Par, Retained

5. In general, the order of reporting stockholders' equity on the balance sheet is:

A.Common Stock, Preferred Stock, Paidsin

Capital in Excess of Par, Retained Earnings, Treasury Stock.

B.Preferred Stock, Common Stock,

Paidin Capital in Excess of Par, Retained Earnings, Treasury Stock.

C.Retained Earnings, Preferred Stock, Common Stock,

Paidin Capital in Excess of Par, Treasury Stock.

D.Preferred Stock, Common Stock, Treasury Stock,

Paidin Capital in Excess of Par, Retained Earnings.

6. In 2019, Chen Corporation purchased treasury stock with a cost of $51,000. During the year, the company declared and paid dividends of $8,000 and issued bonds payable for $1,200,000. Net cash provided by financing activities for 2019 is:

A.$1,200,000.

B.$1,149,000.

C.$1,141,000.

D.$1,192,000.

7. In 2019, Forever Young, Inc. sold land for $110,000 cash, purchased equipment for $21,000

cash and issued bonds for $80,000 cash. The Net cash provided by investing activities is:

A.$89,000.

B.$131,000.

C.$190,000.

D.$169,000.

8. Mary Andrews, Inc. had the following transactions:

Cash proceeds on sale of land

$430,000

Cash proceeds on sale of equipment

170,000

Purchase of treasury stock with cash

45,000

Purchase of equipment with cash

45,000

Issuance of common stock for cash

70,000

On a statement of cash flows prepared under the indirect method, Net cash provided by investing activities is:

A.$510,000.

B.$600,000.

C.$555,000.

D.$580,000.

9. Anew Health Care Company reports net income of $210,000 and Depreciation Expense of

$16,000 for the year ending December 31, 2019. No longterm

assets were sold or exchanged during 2019. They also have the following data available:

December 31, 2019

December 31, 2018

Current Assets:

Cash

$29,000

$85,000

Accounts Receivable

$155,000

99,000

Inventory

$103,000

68,000

Total Current Assets

$287,000

$252,000

Current Liabilities:

Accounts Payable

$54,000

$39,000

Salaries Payable

44,000

94,000

Total Current Liabilities

$98,000

$133,000

Using the indirect method, what is the net cash provided by operating activities for the year ending December 31, 2019?

A.$191,000

B $100,000

C.$68,000

D.$ 135,000

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