Kodak Co. sold equipment with a cost of $39,000 and accumulated depreciation of $5,000 for an amount that resulted in a loss of $2,000. What amount should Kodak report on the statement of cash flows as "proceeds from sale of plant and equipment"?

A. $32000

B. $36,000

C. $34,000

Sales totaled $120,000, accounts receivable increased by $78,000, and accounts payable decreased by $25,000. How much cash did this company collect from customers?

A. $42000

B. $145000

C. $95000

Income Tax Payable was $3900 at the end of the year and $2300 at the beginning of the year. Company paid $43000 as income tax during the year. How much was the total Income tax expense for the year?

$44,600

$41,400

$45,300

Calculate the Capital expenditure on property and equipment from the following: Free cash flow $2470, Net cash flow provided by operating activities $7452.

$4982

$7400

$9922