MC Qu. 141 Use the following information...

Use the following information to calculate cash received from dividends:

Dividends revenue	$	30,300
Dividends receivable, January 1		2,700
Dividends receivable, December 31		3,600

Multiple Choice

$26,700.

$33,000.

$29,400.

$30,300.

$31,200.

MC Qu. 136 A machine with a cost...

A machine with a cost of $137,000 and accumulated depreciation of $88,500 is sold for $57,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:

Multiple Choice

$48,500.

Zero. This is a financing activity.

Zero. This is an investing activity.

$8,500.

$57,000.