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Mary Andrews, Inc. had the following transactions: Cash proceeds on sale of land Cash proceeds on sale of equipment Purchase of treasury stock with cash
Mary Andrews, Inc. had the following transactions: Cash proceeds on sale of land Cash proceeds on sale of equipment Purchase of treasury stock with cash Purchase of equipment with cash Issuance of common stock for cash $360,000 150,000 47,000 54,000 80,000 On a statement of cash flows prepared under the indirect method, Net cash provided by investing activities is: O A. $456,000 OB. $489,000. O c. $409,000 OD. $510,000. The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year: Accounts Receivable $1,102,000 Allowance for Uncollectible Accounts (Credit) $37,000 Uncollectible - Account Expense $61,000 What is the net realizable value of the accounts receivable? O A $1,065,000 OB. $1,102,000 OC. $1,139,000 OD. $1,163,000 On June 1, 2019, Starbucks paid the rent of $102,000 for 20 of its stores in Washington and California. The rent covers the period, June 1, 2019 through November 30, 2019. On June 1, Starbucks will record . On June 30, Starbucks will record O A. nothing; Rent Expense of $102,000 OB. Prepaid Rent of $102,000; Rent Expense of $17,000 OC. nothing; Rent Expense of $17,000 OD. Rent Expense of $102,000; nothing On a statement of cash flows prepared by using the direct method, cash receipts from interest and dividends are classified as: O A. operating activities. OB. investing activities. O C. financing activities. OD. noncash activities
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