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Financing activities involve: lending money. acquiring Land for investment. issuing debt. acquiring long-lived assets. Investing activities include: collecting cash on loans made. obtaining cash from

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Financing activities involve: lending money. acquiring Land for investment. issuing debt. acquiring long-lived assets. Investing activities include: collecting cash on loans made. obtaining cash from creditors. obtaining capital from owners. repaying money previously borrowed. Kanet Company issued common stock for proceeds of $386, 000 during 2016. The company paid dividends of $80, 000 and issued a long-term note payable for $95, 000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $15, 000. The financing section of the statement of cash flows will, report net cash inflows of $291, 000. $481, 000. $306, 000. $371, 000. In Jude Company, land decreased $150, 000 because of a cash sale for $150, 000, the equipment account increased $60, 000 as a result of a cash purchase, and Bonds Payable increased $120, 000 from issuance for cash at face value. The net cash provided by investing activities is $150, 000. $210, 000. $90, 000. $270, 000. The net income reported on the income statement for the current year was $245, 000. Depreciation was $40, 000. Account receivable and inventories decreased by $12, 000 and $35, 000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1, 000 and $8, 000. How much cash was provided by operating activities? $296, 000 $339, 000 $323, 000 $311, 000 Accounts receivable arising from sales to customers amounted to $40, 000 and $55, 000 at the beginning and end of the year, respectively Income reported on the income statement for the year was $180, 000 Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a $180, 000 $195, 000. $220, 000. $165, 000

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