Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please answer these 4 mulitple choice questions please. QUESTION 5 APS Company issued 20.000 shares of Si par common stock for $10 per
can you please answer these 4 mulitple choice questions please.
QUESTION 5 APS Company issued 20.000 shares of Si par common stock for $10 per share during 2020. The company paid dividends of $50,000 and issued long-term notes payable of $1,000,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? +1,150,000 .970,000 0 -1.150,000 +970,000 QUESTION 9 Zoum Corporation had the following transactions during 2020: 1. Issued $500 000 of par value common stock for cash. 2. Recorded and paid wages expense of $110.000, 3. Acquired land by issuing common stock of par value $50,000 4. Declared and paid a cash dividend of $52,000 5. Sold a long-term investment (cost $8,000) for cash of $3,000 6. Recorded cash sales of $1,000,000 7. Bought inventory for cash of $200,000. 8. Acquired an investment in ABC Company stock for cash of $35,000. 9. Converted bonds payable to common stock in the amount of $550,000, 10. Repaid a 6-year note payable in the amount of $225,000 What is the net cash provided by financing activities? (210,000) 188.000 0-812.000 223,000 QUESTION 15 When the disposal of a significant segment occurs, net income only reflects the income (loss) from continuing operations True Falso Chick Save and submit to save and submit Clio QUESTION 10 Cash flow from operating activities is considered the most important category on the statement of cash flows because it reconciles net income to cash. True . False Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started