U N U Search Question 2 The ledger of Cullumber Corporation at November 30, 2021, contains the following summary data: Cash dividends-common $66,500 Operating expenses $1,113,000 Cash dividends-preferred 25,000 other comprehensive income-loss on equity investments (before income tax) 83,000 Common shares 321,500 Rent revenue 51,000 Cost of goods sold 7,310,000 Preferred shares ($5 noncumulative) 393,000 Depreciation expense 353,000 Retained earnings, December 1, 2020 744,000 Sales 9,023,000 Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $17,600 before income tax. The division was sold at a loss of $76,500 before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1, 2020, with no changes during the year 2inal Question 4 Bramble Gas, an ol and gas company, had the following information on its financial statements for the fiscal years ended December 31. All figures are in millions of US dolar Cash provided from operating activities Cash used in investing activities Cash provided from financing activities Not change in cash 2021 $1,000 (3,375) 1,196 (1.179) 2020 $498 (561) 1,467 1.404 2019 $152 (739) 3 93 (194) 2018 $453 (212) 425 666 U N U Search Question 2 The ledger of Cullumber Corporation at November 30, 2021, contains the following summary data: Cash dividends-common $66,500 Operating expenses $1,113,000 Cash dividends-preferred 25,000 other comprehensive income-loss on equity investments (before income tax) 83,000 Common shares 321,500 Rent revenue 51,000 Cost of goods sold 7,310,000 Preferred shares ($5 noncumulative) 393,000 Depreciation expense 353,000 Retained earnings, December 1, 2020 744,000 Sales 9,023,000 Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $17,600 before income tax. The division was sold at a loss of $76,500 before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1, 2020, with no changes during the year 2inal Question 4 Bramble Gas, an ol and gas company, had the following information on its financial statements for the fiscal years ended December 31. All figures are in millions of US dolar Cash provided from operating activities Cash used in investing activities Cash provided from financing activities Not change in cash 2021 $1,000 (3,375) 1,196 (1.179) 2020 $498 (561) 1,467 1.404 2019 $152 (739) 3 93 (194) 2018 $453 (212) 425 666
