In number 15.2 which is correct letter A 452,000 or B 540,000? Explain.
In number 20.2 which is correct letter C.(136,000) or d (36,000)?Please explain kasi nalilito po ako.
In number 20.3 which is correct letter C (40,000) or d 60,000? Please explain po ng mas malinaw kung alin ang mga kasama sa investing or financing activities at alin ang hindi kasali.
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d. 2,200,000 The net cash provided by operating activities in Sosa Company's statement of cash flows for 2021 was 115,000. For 2021, depreciation on plant assets was-45,000, amortization of patent was 8,000, and cash dividends paid on ordinary a. 115,000 shares was 54,000. Based only on the information given above, Sosa's net income for 2021 was b. 62,000 C. 8,000 d. 116,000 Net cash 20. The balance sheet data of Kohler Company at the end of 2021 and 2020 follow: Cash 2021 2020 pep Accounts receivable ( net) 50,000 70,000 Merchandise inventory 120,000 90,000 140,000 Prepaid expenses 90,000 20,000 Buildings and equipment 50,000 180,000 150,000 Accumulated depreciation-buildings and equipment (36,000) (16,000) Land 180,000 80,000 Totals 654,000 514,000 Accounts payable 136,000 110,000 Accrued expenses 24,000 36,000 Notes payable-bank, long-term 80,000 Mortgage payable 60,000 Share capital-ordinary, 10 par 418,000 318,000 Retained earnings (deficit) 16,000 (30,000) 654,000 514,000 Land was acquired for 100,000 in exchange for ordinary shares, par 100,000, during the year; all equipment purchased was for cash. Equipment costing 10,000 was sold for 4,000; book value of the equipment was 8,000 and the loss was reported in net income. Cash dividends of 20,000 were charged to retained earnings and paid during the year; the transfer of net income to retained earnings was the only other entry in the Retained Earnings account. In the statement of cash flows for the year ended December 31, 2021, for Naley Company: 1. The net cash provided by operating activities was a. 52,000 b. 66,000 c. 56,000 d. 48,000 2. The net cash provided (used) by investing activities was a. 26,000 b. (40,000) C. (136,000) d. (36,000) 3. The net cash provided (used) by financing activities was a. - 0- b. (20,000) C. (40,000) d. 60,000ember 31, 2021, as a result of the above b. 256,000 C. 160,000 d. 800,000 13. During 2021, Stout Inc. had the following activities related to its financial operations: Carrying value of convertible preference shares in Stout, converted into ordinary shares of Stout Payment in 2021 of cash dividend declared in 2020 to 360,000 preference shareholders Payment for the early retirement of long-term bonds payable 186,000 (carrying amount 2,220,000) 2,250,000 Proceeds from the sale of treasury shares (on books at cost of 258,000) 300,000 The amount of net cash used in financing activities to appear in Stout's statement of cash flows for 2021 should be a. 1,590,000 b. 1,776,000 c. 2,136,000 d. 2, 148,000 14. Napier Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds 250,000 Fint Proceeds from issuing bonds 500,000 Purchases of inventory 950,000 Fin - Purchases of treasury shares 150,000 Iny - Loans made to affiliated corporations 350,000 Fin - Dividends paid to preference shareholders 100,000 Fin + Proceeds from issuing preference share 400,000 Inv Proceeds from sale of equipment 50,000 1. The net cash provided (used) by investing activities during 2021 is b. (300,000) c. (550,000) d. (1,250,000) a. 50,000 2. The net cash provided by financing activities during 2021 is c. 800,000 d. 900,000 a. 550,000 b. 650,000 15. Peavy Corp.'s transactions for the year ended December 31, 2021 included the following: Acquired 50% of Gant Corp.'s ordinary shares for 180,000 cash which was borrowed from a bank. Fin (+ )Issued 5,000 of its preference shares for land having a fair value of 320,000. Issued 500 of its 11% debenture bonds, due 2019, for 392,000 cash. Fin + Purchased a patent for 220,000 cash. Paid 120,000 toward a bank loan. Fin Sold available-for-sale investments for 796,000. Inv + Had a net increase in returnable customer deposits (long-term) of 88,000. 1. Peavy's net cash provided by investing activities for 2021 was a. 296,000 b. 396,000 C. 476,000 d. 616,000 2. Peavy's net cash provided by financing activities for 2021 was a. 452,000 b. 540,000 c. 572,000 d. 660,000 16. Fleming Company provided the following information on selected transactions during 2021: Dividends paid to preference shareholders 150,000 Loans made to affiliated corporations 750,000 Proceeds from issuing bonds 900,000 Proceeds from issuing preference shares 1,050,000 Proceeds from sale of equipment 450,000 Purchases of inventories 1,200,000 Purchase of land by issuing bonds 300,000 Purchases of treasury shares 600,000 1. The net cash provided (used) by investing activities during 2021 is a. (600,000) b. (300,000) c. 150,000 d. 450,000