Please answer all questions and show your work for the last two.

1. Winslow Manor Construction provided the following information during the year: Proceeds from sale of building $65,000 Cash paid to purchase inventories 22,000 Proceeds from issuing long-term debt 17,000 Dividends paid to stockholders 12,000 Purchase of land for cash 56,000 Cash collected from customers 180,000 How much is the net cash provided(/used) by investing activities during the year? $26,000 $14,000 $9,000 $14,000 Question 32 1. How are changes in long-term liabilities that result in cash flows reported on the statement of cash flows? As investing activities As operating activities As financing activities As non-cash activities Question 33 1. How is cash received from using a line of credit reported on the statement of cash flows? As an investing activity As an operating activity As a financing activity As a non-cash activity Question 34 1. Carriage House Cleaners purchased equipment and paid dividends during the year. Where do these amounts appear on the statement of cash flows, respectively? Operating activities section, financing activities section Financing activities section, operating activities section Investing activities section, operating activities section Investing activities section, financing activities section Question 35 1. Selected information from the 2014 and 2013 accounting records of Hinley Roofing is provided below: December 31, 2014 2013 Net cash provided (used) by operations $38,000 $39,000 Net cash provided (used) by investing activities (22,000) 14,000 Net cash provided (used) by financing activities (15,000) (26,000) Cash balance at end of year ? 15,000 At the end of 2014, how much is Riddle's cash balance? $16,000 $40,000 $28,000 $43,000 Question 36 1. Which of the following activities is not reported as a financing activity on the statement of cash flows? Borrowing from a bank Paying interest on a long-term note payable Repaying the principal on a loan Issuing common stock for cash Question 37 1. Rodgers Chemicals sold a piece of equipment for cash and recognized a gain of $5,000. The original cost was $34,000 and the accumulated depreciation on the equipment just prior to the sale totaled $19,000. What amount will Rodgers Chemicals report in the investing activities section of its statement of cash flows? $20,000 $54,000 $10,000 $15,000 Question 38 1. Which of the following is reported as an operating activity? Cash payments for income taxes Cash payments for loan principal Cash payments for dividends Proceeds from the sale of a plant asset Question 39 1. Which of the following is reported as an investing activity? Depreciation on plant assets Cash payments to acquire new equipment Cash received for the sale of stock to investors Interest received on a money market bank account Question 40 1. Which of the following is considered to be a cash flow provided/(used) by financing activities? Dividends received from stock investments Cash received from customers for amounts due on account Proceeds from issuing common stock Interest paid on short-term notes payable CH 14