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question 1. During the current year, Rock Companys cash balance increased from $71,000 to $91,500. Rocks net cash flow from operating activities was $37,500 and

question 1. During the current year, Rock Companys cash balance increased from $71,000 to $91,500. Rocks net cash flow from operating activities was $37,500 and its net cash flow from financing activities was $11,500. How much was Rocks net cash flow from investing activities?

Multiple Choice

  • A net cash flow of ($69,500).

  • A net cash flow of ($28,500).

  • A net cash flow of $69,500.

  • A net cash flow of $42,500

  • question 2. Sith Corporation has provided the following information:

  • Cash sales totaled $136,000. Credit sales totaled $290,000. Cash collections from customers for services yet to be provided totaled $49,000. An $11,000 gain from the sale of property and equipment occurred. Interest income totaled $8,800. How much of these items was included in operating income?

    Multiple Choice

  • $494,800

  • $475,000

  • $434,800

  • $437,000

  • question 3. The Pioneer Company has provided the following account balances:

    Cash $38,700;

    Short-term investments $4,700;

    Accounts receivable $6,700;

    Supplies $51,500;

    Long-term notes receivable $2,700;

    Equipment $99,500;

    Factory Building $187,000;

    Intangible assets $6,700;

    Accounts payable $29,300;

    Accrued liabilities payable $3,650;

    Short-term notes payable $15,400;

    Long-term notes payable $95,500;

    Common stock $187,000;

    Retained earnings $66,650.

    What are Pioneer's total current liabilities?

    Multiple Choice

    • $48,350

    • $32,950

    • $143,850

    • $44,700

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