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8) Sam Hurd Company has the following items: ordinary shares $720,000; share premium $85,000; deferred taxes $280,000, Prepaid rent $100,000 and retained earnings, $313,000. b.
8) Sam Hurd Company has the following items: ordinary shares $720,000; share premium $85,000; deferred taxes $280,000, Prepaid rent $100,000 and retained earnings, $313,000. b. 948,000 c. $805,000 d. $1,118,000 9) Madsen Company reported the following information for 2020 : SalesrevenueCostofgoodssoldOperatingexpensesUnrealizedholdinggainonavailable-for-salesecurities30,000Cashdividendsreceivedonthesecurities$510,000350,00055,0002,000 For 2020, Madsen would report other comprehensive income of a. $137,000. Calculations b. $135,000. c. $32,000. d. $30,000. 10) The statement of cash flows provides answers to all of the following questions except a. what was the cash used for during the period? b. what was the change in the cash balance during the period? c. what is the impact of inflation on the cash balance at the end of the year? d. where did the cash come from during the period? 11) Lohmeyer Corporation reports: Cash provided by operating activities $250,000 Cash used by investing activities 110,000 , Cash provided by financing activities 140,000 Beginning cash balance 70,000 What is Lohmever's ending cash balance? a. $350,000. b. $570,000. Calculations c. $280,000. d. $500,000
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