Question
In Angel Company, the Land account decreased $90,000 as a result of a cash sale for $100,000 and recognized a gain on the sale of
In Angel Company, the Land account decreased $90,000 as a result of a cash sale for $100,000 and recognized a gain on the sale of $10,000. The Equipment account increased $20,000 as a result of a cash purchase. Angel Company also purchased a truck for $25,000 by issuing a five-year note. Bonds payable increased from an issuance of bonds for cash for $50,000. The net cash provided by investing activities is
$70,000.
$80,000.
$55,000.
$105,000.
Sunland, Inc. has 26300 shares of 6%, $100 par value, noncumulative preferred stock and 49200 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $247000 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018?
$0
$157800
$247000
$89200
The net income reported on the income statement for the current year was $248000. Depreciation was $40200. Account receivable and inventories decreased by $12300 and $34900, respectively. Prepaid expenses and accounts payable increased, respectively, by $1000 and $8300. How much cash was provided by operating activities?
$299500
$342700
$326100
$313800
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