The January 1, 2020 Balance Sheet showed a Retained Earnings balance of $46,000. For the year ended December 31, 2020, net income was $25,000 and Retained Earnings were $68,000. How would dividends be shown on the Statement of Cash Flows?

• A. Financing Activities; Cash Dividends Paid ($3,000)
• B. Investing Activities; Cash Dividends Paid ($47,000)
• C. Operating Activities; Cash Dividends Paid ($25,000)
• D. Financing Activities; Cash Dividends Paid ($47,000)

On January 1, 2020, Jersey Manufacturers sold equipment that originally cost $200,000 for $140,000. The equipment had accumulated depreciation of $65,000. How would the proceeds from the sale of equipment be shown on the Statement of Cash Flows?

• A. Operating Activities; Proceeds from Sale of Equipment $135,000
• B. Investing Activities; Proceeds from Sale of Equipment $5,000
• C. Investing Activities; Proceeds from Sale of Equipment $140,000
• D. Financing Activities; Proceeds from Sale of Equipment $140,000

At the beginning of 2020, there was a balance of $630,000 in Property, Plant, and Equipment. During the year, equipment that cost $60,000 originally and had $23,000 of accumulated depreciation was sold for $40,000. At the end of 2020, the balance in Property, Plant, and Equipment was $680,000. Assuming no other sales or disposals of property, plant, and equipment, what is the dollar value of new property, plant, and equipment purchased.

• A. $50,000
• B. $90,000
• C. $70,000
• D. $110,000