7. The Plant Assets account of Stanley Coffee shows the following: Plant Assets, Net 90,000 34,000 Depreciation Bal. Acquisition 450,000 58,000 Disposal End. Bal.448,000 Stanley Coffee sold plant assets at an $8,000 loss. Where on the statement of cash flows should Stanley Coffee report the sale of plant assets? How much should the business report for the sale? A. Cash flows from financing activities Cash receipt of $50,000 B. Cash flows from investing activitics Cash receipt of $50,000 C. Cash flows from financing activities Cash receipt of $66,000 D. Cash flows from investing activities-Cash receipt of $66,000 8. Peaceful Resorts expects net cash provided by operating activities of $220,000, and the company plans purchases of equipment of $83,000, cash dividends of $10,000, and loan repayments totaling 536,000. What is Peaceful Resorts' free cash flowm A. $220,000 $137,000 C $127,000 $91,000 Purses Direct had Accounts Receivable of $25,000 at the beginning of the year and $44,000 at year- end. Sales revenue for the year totaled $170,000. How much cash did the business collect from customers? 9. A. $189,000 B. $151,000 C. $126,000 D. $101,000 10. Handmade Soaps Company had other operating expenses of $52,000. At the beginning of the year, Handmade Soaps owed $15,000 for Acerued Liabilities. At year-end, Accrued Liabilities were $5,000. How much cash did Handmade Soaps pay for other operating expenses? A $42,000 B. $47,000 C. $57,000 D. $62,000