Telfer Gold Inc. opened for business on April 1, 2019 selling unique jewelry, which it purchases from local artisans. During April, the company made the following purchases: Date April 1 April 3 April 5 Inventory Tag Number 001 002 003 004 April 10 April 13 005 006 007 008 009 010 Cost $2,750 600 1,150 2,300 700 1,200 3,900 600 1,700 2,400 April 26 April 30 On April 30, only inventory items 006, 008, and 010 remained in inventory. The ending inventory as at April 30 using the specific identification method is $13,100 $4,200 0 $4,700 O $17,300 None of the above The following information is available for Elm Tree Corporation for the year ended December 31, 2015: Collection of principal on long-term loan to a supplier $25,000 Purchase of equipment for cash 12,000 Proceeds from the sale of long-term investment at carrying 28,000 amount Issue of common shares for cash 23,500 Payment of cash dividends 47,250 Purchase of land by issuing common shares 35,000 In addition, the following information is available from the comparative statements of financial position for Elm Tree Corporation at the end of 2015 and 2014: Cash Accounts receivable Prepaid insurance Total current assets Dec 31,2015 $ 95,900 24,500 13,500 $133,900 Dec 31, 2014 $16,000 21,250 9,000 $46,250 Accounts payable Salaries payable Total current liabilities $36,250 5,100 $41,350 $33,500 8,200 $41,700 Elm Tree Corporation reported a profit of $51,750 and recorded a depreciation expense of $19,000 in the year of 2015. Using the indirect method, determine the net cash provided by operating activities for the year ended December 31, 2015 73,710 062,650 068,750 O 86,830 None of the above The following information is available for Elm Tree Corporation for the year ended December 31, 2015: Collection of principal on long-term loan to a supplier $25,000 Purchase of equipment for cash 12,000 Proceeds from the sale of long-term investment at carrying 28,000 amount Issue of common shares for cash 23,500 Payment of cash dividends 47,250 Purchase of land by issuing common shares 35,000 In addition, the following information is available from the comparative statements of financial position for Elm Tree Corporation at the end of 2015 and 2014: Cash Accounts receivable Prepaid insurance Total current assets Dec 31, 2015 $ 95,900 24,500 13,500 $133,900 Dec 31, 2014 $16,000 21,250 9,000 $46,250 Accounts payable Salaries payable Total current liabilities $36,250 5,100 $41,350 $33,500 8,200 $41,700 Determine the net cash provided by investing activities for the year ended December 31, 2015 041,000 O 32,330 28,750 036,430 None of the above
