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13-21
53.
Which of the following sets of data is sufficient to compute the amount of cash paid for
merchandise?
The financial statements of New World, Inc., provide the following information for the
current year:
54.
Refer to the information above. Compute the amount of cash received from customers
during the current year.
55.
Refer to the information above. Compute the amount of New World's cash payments for
purchases of merchandise during the current year.
56.
Refer to the information above. Compute the amount of New World's cash payments for
operating expenses.
57.
Refer to the information above. New World's net cash flow from operating activities for the
current year is:
The financial statements of Seldin, Inc., provide the following information for the current
year:
58.
Refer to the information above. Compute the amount of cash received from customers
during the current year.
59.
Refer to the information above. Compute the amount of Seldin's cash payments for
purchases of merchandise during the current year.
60.
Refer to the information above. Compute the amount of Seldin's cash payments for
operating expenses.
61.
Refer to the information above. Seldin's net cash flow from operating activities for the
current year is:
62.
Early in 2015, Larsen Corporation purchased marketable securities at a cost of $90,000. In
September, dividends of $6,600 were received; Larsen sold the securities in December at a
gain of $5,600. How would these transactions be reported on Larsen's statement of cash
flows for 2015?
The financial statements of Garver, Inc., provide the following information for the current
year:
63.
Refer to the information above. Compute the cash received from customers during the
current year.
64.
Refer to the information above. Compute the cash payments for purchases of merchandise
during the current year.
65.
Refer to the information above. Compute the cash payments for operating expenses.
66.
Refer to the information above. Net cash flow from operating activities for the current year
is:
67.
Cash flows from investing activities include all of the following
except
:
68.
All of the following are financing activities
except
:
69.
A cash dividend paid to shareholders is reported on the:
70.
In a statement of cash flows, payments of dividends are classified as:
71.
Which of the following is
not
classified among the investing activities in a statement of
cash flows?
72.
Which of the following is
not
classified among the financing activities in a statement of
cash flows?
73.
Which of the following is an investing activity?
74.
Which of the following is a financing activity?
75.
Which of the following indicates cash receipts?
76.
Which method will yield the higher cash flows from financing activities?
77.
An example of a non-cash investing or financing activity that is disclosed in a
supplementary schedule accompanying the statement of cash flows is:
78.
When equipment is sold at a loss:
79.
When equipment is purchased entirely through a loan:
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80.
In 2015, Anderson Company purchased equipment for $363,000 and also sold some special
purpose machinery with a book value of $155,000 for $182,000. In its statement of cash
flows for 2015, Anderson should report the following with respect to the above
transactions:
An analysis of Korman Corporation's Investment in Marketable Securities account during
2015 disclosed the following:
Korman's 2015 income statement included a $40,000 gain on sale of marketable securities
and $30,000 dividend income from marketable securities. All payments and proceeds
relating to marketable securities transactions were in cash.
81.
Refer to the information above. The amount of cash paid by Korman Corporation in 2015
for the purchase of marketable securities was:
82.
Refer to the information above. The cash proceeds received by Korman Corporation in 2015
for the sale of marketable securities was:
83.
Refer to the information above. How should the transactions involving marketable
securities be classified in Korman's statement of cash flows for 2015?
84.
Refer to the information above. Based solely on the above information, Korman's net cash
flow from investing activities for 2015 is:
The financial statements of York, Inc., provide the following information for the current
year:
85.
Refer to the information above. Compute the amount of cash received from customers
during the current year.
86.
Refer to the information above. Compute the amount of cash payments for purchases of
merchandise during the current year.
87.
Refer to the information above. Compute the amount of cash payments for operating
expenses.
