52) A company reports the following data needed to prepare a statement of cash f

Question

52) A company reports the following data needed to prepare a statement of cash flows. Calculate net cash provided by or used in financing activities.

a.Issuance of bonds is $150,000

b.Issuance of common stock is $100,000

c.Payment of cash dividends is $10,000

d.Purchase of treasury stock is $20,000

e.Repayment of outstanding bonds is $40,000

A)$100,000

B) $180,000

C) $220,000

D) $320,000

53) A company reports the following data needed to prepare a statement of cash flows. Calculate the net increase or decrease in cash.

a.Beginning cash balance is $10,000

b. Net cash from operations is $57,000

c. Net cash from investing is $40,000

d. Net cash from financing is $180,000

A) $207,000

B) $267,000

C) $277,000

D) $287,000

54) A company reports the following data needed to prepare a statement of cash flows. Calculate the ending cash balance.

a.Beginning cash balance is $10,000

b.Net cash from operations is $57,000

c.Net cash from investing is $40,000

d.Net cash from financing is $180,000

A) $267,000

B) $267,000

C) $277,000

D) $287,000

e Payment of cash dividemds is $10,000

Explanation / Answer

52) Calculate net cash provided by or used in financing activities.

so answer is b) $180000

53) Calculate the net increase or decrease in cash.

so answer is c) $277000

54) Calculate the ending cash balance.

Ending cash balance = Net cash increase +beginning balance

                                = 277000+10000

Ending cash balance = 287000

so answer is d) $287000

Cash flow from financing activiites Issuance of bonds 150000 Issuance of common stock 100000 Payment of cash dividends (10000) Purchase of treasury stock (20000) Repayment of outstanding bonds (40000) Net cash flow from financing activities 180000

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