QUESTION 1 AAA Corporation had the following transactions during 2017: Issued $250,000 of par value common stock for cash; Recorded and paid wages expense of $120,000: Acquired land by issuing common stock of par value $100.000: Declared and paid a cash dividend of $20,000: Sold a long term investment (cost $6,000) for cash of $6,000.: Recorded cash sales of $800.000: Bought inventory for cash of $320,000: Acquired an investment in BBB stock for cash of 542,000: Converted bonds payable to common stock in the amount of $1,000,000; Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by operating activities? $610,000. $530,000. $480,000. $360,000. QUESTION 2 CCC Company issued 20.000 shares of $1 par common stock for $40 per share during 2017. The company paid dividends of 548,000 and issued long-term notes payable of $440,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? $12,000 net cash inflow. $352,000 net cash inflow. $705,000 net cash outflow. $1,192.000 net cash inflow. QUESTION 3 During 2017. DDD Company sold equipment with a book value of $120,000 for proceeds of $145,000. The company purchased new equipment for $320,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2017. The investing section of the statement of cash flows will report net cash outflows of $295,000. net cash outflows of $175.000. net cash inflows of $145,000. net cash inflows of $25,000. QUESTION 4 EEE Company reported net income of 5290,000 for the year. During the year, accounts receivable increased by $21,000, accounts payable decreased by 59,000 and depreciation expense of $45,000 was recorded. Net cash provided by operating activities for the year is $305,000 $275,000 $257,000. $290,000 QUESTION 5 When issuing cash dividends, the board of directors commits the corporation to a binding legal obligation on: the declaration date. the date of record. the date of payment. none of these answer choices are correct