Question
During 2010 the DLD Company had a net income of $50,000 . In addition, selected accounts showed the following changes: Accounts Receivable $3,000 increase, Accounts
During 2010 the DLD Company had a net income of $50,000 . In addition, selected accounts showed the following changes: Accounts Receivable $3,000 increase, Accounts Payable 1,000 increase , Building 4,000 decrease, Depreciation Expense 1,500 increase, Bonds Payable 8,000 increase What was the amount of cash provided by operating activities? a. 550,000 Calculations b. $59,500 c. 549,500 d. 551,500 13) Caroline, Inc. had the following transactions during 2020: Exchanged land for a building $382,000 , Sold land 80,000 , Paid cash dividend 190,000 , Purchased equipment 106,000, Issued ordinary shares 294,000 What is Caroline, Inc.'s net cash provided (used) bv investing activities? a. $186,000 used by investing activities. b. $26,000 used by investing activities. c. 26,000 provided by investing activities. d. $186,000 provided by investing activities. 14) Martinez Corporation engaged in the following cash transactions during 2020. v. 100, vuU used by financing activities. c. 7,000 provided by financing activities. d. None of the above. Good Luck, Page 6 of 6
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