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Answer as soon as possible please ill give perfect rating 3. Net cash used for investing activities equals a.-308 b.308 c.208 d.-208 4. Using the

Answer as soon as possible please ill give perfect rating

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3. Net cash used for investing activities equals

a.-308

b.308

c.208

d.-208

4. Using the information given dividends declared in 2000 equal?

a.68

b.no dividends declared

c.6

d.74

image text in transcribed

The following information is for Liban Lid. Answers given are in thousands of URBAN LTD Statement of Financial Position As at October 31, 2020 (thousands of 5) 2020 2019 Difference Assets Current assets: Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation, equipment Land 190 48 36 12 58 68 -10 16020 280 264 620 54030 -300-350 60 120 - 120 726 444 40 42 Liabilities and shareholders' equity Current liabilities Accounts payable Dividends payable Total current liabilities Bank loan payable Common shares Retained earings 112 76 74 120 300 180 2400 726 444 120 172 282 $1,040 520 520 URBAN LTD Statement of Income For the year ended October 31, 2020 (thousands of 5) Sales Revenue Cost of goods sold Gross margin Expenses Advertising expense Wage expense is expenses Depreciation expense Rent expense Loss on sale of equipment -30 -12 -60 -26272 Loss on sale of equipment Net income $240 1. Using the information above from Urban Ltd, Net cash provided by operating activities equals (4 marks) O a 240 O 0.340 O c. 308 Od 520 2. Using the information above and knowing that in September Urban Lid sold equipment for $8.000 cash The equipment had orginally cost $134,000 and had a nel carrying amount of $14.000 at the time of sale The cost of the new equipment purchased is (3 marks) 0314 0 214 0 620 O No equipment has been purchased 5. Using the information given Dividends Paid in 2020 equal: (2 mark) a. 30 b. No Dividends paid c. 6 d. 74 6. During the year, the company borrowed $14,000 by increasing its bank loan payable. Repayment of bank loan during the year equals: (2 mark) O a 70 b. 100 c. 60 Od. No bank loan reimbursement 7. Net cash used for financing activities equals: (1 mark) a.-120 O b.-208 OC.-60 O d. 14 B. Not change in cash equals: (1 mark) a. 12 Ob.48 O c. 36 O d.-12

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