KAJ Incorporated purchased a machine costing $262,000 by paying $44,600 cash and signing a $217,400 note payable.

How would this transaction be reported within the cash flow from financing activities section of the cash flow statement?

It would not be reported in the financing activities section.

An outflow of $44,600.

An inflow of $217,400.

An outflow of $217,400.

Atkins Corporation has provided the following information for the year ended December 31, 2016:

The equipment account balance increased by $220,000 from the beginning of the year to the end of the year.

The equipment accumulated depreciation account balance increased by $37,000 from the beginning of the year to the end of the year.

Equipment costing $54,000 was sold during the year resulting in a $13,000 gain.

Depreciation expense recorded on the equipment during the year was $68,000.

What was the amount of the investing activities cash inflow from the sale of the equipment? Assume that the equipment purchase and sale resulted in cash flows.

$67,000.

$54,000.

$36,000.

$41,000.

Canadian Beer reported equipment sold for $250 million cash and new equipment purchased $1,529 million cash. The equipment sold had a net book value of $178 million. Cash flow from investing activities would show:

A net outflow of $1,351 million.

An inflow of $250 million and outflow of $1,529 million.

Cash paid for equipment of $1,279 million.

An inflow of $250 million and outflow of $178 million.

Rice Company, a retailer, has provided the following information pertaining to its recent year of operation:

Net income, $100,000

Accounts receivable increased $9,000

Prepaid insurance decreased $3,000

Depreciation expense was $15,000

Gain on sale of land, $2,000

Wages payable decreased $7,000

Unearned revenue increased $11,000

Using the indirect method, how much was Rice's net cash provided by operating activities?

$89,000.

$125,000

$111,000

$115,000