?? -Take Test: Ch14 Quiz SC | Q ACCT 5110 Quizzes Flashcal × + ? O ? |?https://b

Question

?? -Take Test: Ch14 Quiz SC | Q ACCT 5110 Quizzes Flashcal × + ? O ? |?https://bbprodhwcc.edu/webapps/assessment/take/launcM QUESTION 4 2.0 Reynoldsburg Company recorded the following activity for the year just ended: Proceeds from sale of plant s800 equipment Dividends received from investments 120,000 ]I 400.0001 160,000 40,000 240,000 Common stock issued Notes issued to creditors for borrowed funds Dividends paid to stockholders Purchase of plant equipment (Note that this is the same data as that provided for the question above.) The net cash provided by investing activities for the year was: O $560,000. O $760,000. ?$800,000. O $820,000 2. QUESTION 5 An increase in the Accounts Payable account of a company from $2,000 at the beginning of the year, to $6,000 at the end of the year, would be shown on the company's statement of cash flows prepared under the indirect method as: ? an addition to net income of $4,000 in order to arrive at cash flows from operating activities

Explanation / Answer

Ans $ 560000

CASH FLOW FROM INVESTING ACTIVITY PROCEEDS FROM SALE OF PLANT EQUIPMENT 800000 PURCHASE OF PLANT EQUIPMENT -240000 CASH INFLOW FROM INVESTING ACTIVITY 560000

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.