(Show notes) The following data are available for TVland Corporation. Net income

Question

(Show notes) The following data are available for TVland Corporation. Net income $199,500 Depreciation expense 55,500 Dividends paid 85,000 Loss on sale of land 10,000 Decrease in accounts receivable 32,000 Decrease in accounts payable 43,000 Net cash provided by operating activities is:

Select one: a. $254,000 b. $169,000 c. $234,000 d. $244,000

Question 5

Pan Company received proceeds of $144,000 on 10-year, 10% bonds issued on January 1, 2013. The bonds had a face value of $198,000, pay interest semi-annually on June 30 and December 31. Pan uses the straight-line method of amortization. What is the amount of interest expense Pan will show with relation to these bonds for the year ended December 31, 2014?

Select one: a. $14,400 b. $25,200 c. $17,100 d. $19,800

Explanation / Answer

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Question 5

Net Income 199,500 Add: Depreciation expense 55,500 Add: Loss on sale of land 10,000 Add: Decrease in accounts receivables 32,000 Less: Decrease in accounts payable -43,000 Net cash provided from operating activities 254,000 The answer to the above question is a. $ 254,000

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