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The income statement of Dolan Corporation for 2010 included the following items: Interest revenue $65,500 Salaries expense 85,000 Insurance expense 7,600 The following balances have
The income statement of Dolan Corporation for 2010 included the following items: Interest revenue $65,500 Salaries expense 85,000 Insurance expense 7,600 The following balances have been excerpted from Dolan Corporation's balance sheets: December 31, 2010 December 31, 2009 Accrued interest receivable $9,100 $7,500 Accrued salaries payable 8,900 4,200 Prepaid insurance 1,100 1,500 26. The cash received for interest during 2010 was a. $56,400. b. $63,900. c. $65,500. d. $67,100. 27. The cash paid for salaries during 2010 was a. $89,700. b. $80,300. c. $80,800. d. $93,900. 28. The cash paid for insurance premiums during 2010 was a. $6,500. b. $6,100. c. $8,000. d. $7,200. 29. Which of the following events will appear in the cash flows from financing activities section of the statement of cash flows? a. Cash purchases of equipment. b. Cash purchases of bonds issued by another company. c. Cash received as repayment for funds loaned. d. Cash purchase of treasury stock
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