17 Hildalgo Co provided the following information on selected transactions durin

Question

17 Hildalgo Co provided the following information on selected transactions during year 2018 Purchase of land by issuing common stooks Cash proceeds from issuing bonds payable Cash purchases of inventory Cash purchases of treasury stocks Cash loans made to employees Cash dividends paid to Hildalgo stockholders Cash proceeds from issuing preferred stocks Cash proceeds from sale of equipment $250,000 500,000 50,000 150,000 350,000 100,000 400,000 50,000 The net cash provided by financing activities during 2018 is A $550,000 B $650,000 C.$800,000 D.$900,000 18. Laiko Co's beginning balance in accounts receivable is $44,000, the ending balance is $42,000 sales during the period are $129,000. What are cash receipts from customers? A.$ 129,000 B.S 127.000 C $ 131,000 D$ 141,000

Explanation / Answer

17.

Cash proceeds from issuing bonds payable $500000

Cash purchases of treasury stocks ($150000)

Cash dividend paid ($100000)

Cash proceeds from issuing preferrd stock $400000

Cash flow from finnacing activities $650000

Answer : B

18.

Opening Accounts receivable $44000

Current year sales $129000

Closing Accounts receivable ($42000)

Cash receipts $131000

Answer : C

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