Question
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
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A net cash flow of ($69,500).
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A net cash flow of ($28,500).
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A net cash flow of $69,500.
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A net cash flow of $42,500
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question 2. Sith Corporation has provided the following information:
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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
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$494,800
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$475,000
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$434,800
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$437,000
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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
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$48,350
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$32,950
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$143,850
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$44,700
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