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20 Aug 2018
Net income $7,000
Cash dividends paid to stockholders 2,000
Cash proceeds from sale of land 3,000
Cash proceeds from bank loan 5,000
Cash payment (principal) on bank loan1,000
Cash paid to purchase equipment 4,000
Use the information above to answer the following question. Thecompany would report net cash provided by (used in) financingactivities of:
$(2,500).
$6,000.
$5,000.
$2,000.
Use the information above to answer the following question. Thecompany would report net cash provided by (used in) investingactivities of:
$(2,000).
$7,000.
$5,000.
$(1,000).
Net income $7,000
Cash dividends paid to stockholders 2,000
Cash proceeds from sale of land 3,000
Cash proceeds from bank loan 5,000
Cash payment (principal) on bank loan1,000
Cash paid to purchase equipment 4,000
Use the information above to answer the following question. Thecompany would report net cash provided by (used in) financingactivities of:
$(2,500).
$6,000.
$5,000.
$2,000.
Use the information above to answer the following question. Thecompany would report net cash provided by (used in) investingactivities of:
$(2,000).
$7,000.
$5,000.
$(1,000).
Collen VonLv2
23 Aug 2018
Related questions
| a. Using theinformation for the Seville Corporation above, calculation the cashflow from operating activities. | |
| b. Using the information forthe Seville Corporation above, calculation the cash flow frominvesting activities. | |
| c. Using the information for the SevilleCorporation above, calculation the cash flow from financingactivities. | |
| Accounts payable increase | 9,000 |
| Accounts receivable increase | 4,000 |
| Accrued liabilities decrease | 3,000 |
| Amortization expenses | 6,000 |
| Cash balance Jan 1 | 22,000 |
| Cash balance Dec 31 | 1,500 |
| Cash paid as dividends | 2,900 |
| Cash paid to purchase land | 90,000 |
| Cash paid to retire bonds payable atpar | 60,000 |
| Cash received from issurance of commonstock | 35,000 |
| Cash received from sale equipment | 17,000 |
| Depreciation expenes | 29,000 |
| Gain on sale of equipment inventorydecreases | 4,000 |
| Inventory decrease | 13,000 |
| Net Income | 76,000 |
| Prepaid expenses increase | 2,000 |
