• A firm reported ($ in millions) net cash inflows (outflows) as follows: operating $67, investing ($195), and financing $353. The beginning cash balance was $259. What was the ending cash balance?

$128.

$874.

$484.

$34.

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• Bowers Corporation reported the following ($ in 000s) for the year:

	Balance
	Beginning	Ending
Accounts receivable	$520	$810

Sales on account were $1,820 for the year. How much cash was collected from customers on account?

$1,520.

$2,100.

$1,551.

$1,530.

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S Company reported net income for 2016 in the amount of $440,000. The company's financial statements also included the following:

Increase in accounts receivable	$ 75,000
Decrease in inventory	63,000
Increase in accounts payable	220,000
Depreciation expense	110,000
Gain on sale of land	141,000

What is net cash provided by operating activities under the indirect method?

$1,049,000.

$547,000.

$767,000.

$617,000.

• Hemmer Company reported net income for 2016 in the amount of $44,000. The company's financial statements also included the following:

Decrease in accounts receivable	$6,500
Increase in inventory	1,800
Depreciation expense	3,400

What is net cash provided by operating activities?

$47,400.

$42,400.

$39,300.

$52,100.

• Alpha Company had the following account balances for 2016:

	Dec. 31	Jan. 1
Accounts receivable	$40,000	$31,000
Accounts payable	46,000	51,000

Alpha reported net income of $240,000 for 2016. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2016 reported in the statement of cash flows?

$236,000.

$226,000.

$244,000.

$254,000.

Creble Company reported net income for 2016 in the amount of $42,000. The company's financial statements also included the following:

Increase in accounts receivable	$4,300
Decrease in inventory	1,800
Depreciation expense	3,300
Gain on sale of equipment	5,000

In the statement of cash flows what is net cash provided by operating activities under the indirect method?

$42,800.

$31,200.

$37,800.

$56,400.

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• Selected information from Peridot Corporation's accounting records and financial statements for 2016 is as follows ($ in millions):

Cash paid to acquire machinery	$40
Retired common stock	59
Proceeds from sale of land	92
Gain from the sale of land	51
Investment revenue received	75
Cash paid to acquire office equipment	85

In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

rev: 01_03_2016

$33 million.

$41 million.

$94 million.

$116 million.

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• In preparing its cash flow statement for the year ended December 31, 2016, Red Co. gathered the following data:

Gain on sale of land	$ 12,500
Proceeds from sale of land	24,000
Purchase of Blue, Inc., bonds (face value $214,000)	351,000
Amortization of bond discount	5,000
Cash dividends declared	91,000
Cash dividends paid	78,000
Proceeds from sales of Red Co. common stock	158,000

In its December 31, 2016, statement of cash flows, what amount should Red report as net cash outflows from investing activities?

$327,000.

$375,000.

$314,500.

$190,000.

• In preparing its cash flow statement for the year ended December 31, 2016, Green Co. gathered the following data:

Gain on sale of land	$ 12,700
Proceeds from sale of land	21,000
Purchase of Black, Inc., bonds (face value $220,000)	364,000
Amortization of bond discount	4,100
Cash dividends declared	100,000
Cash dividends paid	74,000
Proceeds from sales of Green Co. common stock	157,000

In its December 31, 2016, statement of cash flows, what amount should Green report as net cash from financing activities?

$57,000.

$144,000.

$83,000.

$26,000.

• During 2016, T Company engaged in the following activities:

Distribution of cash dividends declared in 2015	$66
Fair value of shares issued in a stock dividend	300
Payment to retire bonds	617
Proceeds from the sale of treasury stock (cost: $72)	83

In T's statement of cash flows, what were net cash outflows from financing activities for 2016?

$1,000.

$766.

$600.

$534.

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1. A firm reported ($ in millions) net cash inflows (outflows) as follows: operating $67, investing ($195), and financing $353. The beginning cash balance was $259. What was the ending cash balance? $128. $874. $484. $34. 2. Bowers Corporation reported the following ($ in 000s) for the year: Accounts receivable Balance Beginning Ending $520 $810 Sales on account were $1,820 for the year. How much cash was collected from customers on account? $1,520. $2,100. $1,551. $1,530. 3. S Company reported net income for 2016 in the amount of $440,000. The company's financial statements also included the following: Increase in accounts receivable $ 75,000 Decrease in inventory Increase in accounts payable Depreciation expense Gain on sale of land 63,000 220,000 110,000 141,000 What is net cash provided by operating activities under the indirect method? $1,049,000. $547,000. $767,000. $617,000. 4. Hemmer Company reported net income for 2016 in the amount of $44,000. The company's financial statements also included the following: Decrease in accounts receivable Increase in inventory Depreciation expense $6,500 1,800 3,400 What is net cash provided by operating activities? $47,400. $42,400. $39,300. $52,100. 5. Alpha Company had the following account balances for 2016: Accounts receivable Accounts payable Dec. 31 $40,000 46,000 Jan. 1 $31,000 51,000 Alpha reported net income of $240,000 for 2016. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2016 reported in the statement of cash flows? $236,000. $226,000. $244,000. $254,000. 6. Creble Company reported net income for 2016 in the amount of $42,000. The company's financial statements also included the following: Increase in accounts receivable Decrease in inventory Depreciation expense Gain on sale of equipment $4,300 1,800 3,300 5,000 In the statement of cash flows what is net cash provided by operating activities under the indirect method? $42,800. $31,200. $37,800. $56,400. 7. Selected information from Peridot Corporation's accounting records and financial statements for 2016 is as follows ($ in millions): Cash paid to acquire machinery Retired common stock Proceeds from sale of land Gain from the sale of land Investment revenue received Cash paid to acquire office equipment $40 59 92 51 75 85 In its statement of cash flows, Peridot should report net cash outflows from investing activities of: rev: 01_03_2016 $33 million. $41 million. $94 million. $116 million. 8. In preparing its cash flow statement for the year ended December 31, 2016, Red Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $214,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock $ 12,500 24,000 351,000 5,000 91,000 78,000 158,000 In its December 31, 2016, statement of cash flows, what amount should Red report as net cash outflows from investing activities? $327,000. $375,000. $314,500. $190,000. 9. In preparing its cash flow statement for the year ended December 31, 2016, Green Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Black, Inc., bonds (face value $220,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. common stock $ 12,700 21,000 364,000 4,100 100,000 74,000 157,000 In its December 31, 2016, statement of cash flows, what amount should Green report as net cash from financing activities? $57,000. $144,000. $83,000. $26,000. 10. During 2016, T Company engaged in the following activities: Distribution of cash dividends declared in 2015 Fair value of shares issued in a stock dividend Payment to retire bonds Proceeds from the sale of treasury stock (cost: $72) $66 300 617 83 In T's statement of cash flows, what were net cash outflows from financing activities for 2016? $1,000. $766. $600. $534