答案和详解如下： Q12. An examination of the cash receipts and payments of Xavier Corporation reveals the following: Cash paid to suppliers for purchase of merchandise $5,000 Cash received from customers 14,000 Cash paid for purchase of equipment 22,000 Dividends paid 2,000 Cash received from issuance of preferred stock 10,000 Interest received on short-term investments 1,000 Wages paid 4,000 Repayment of loan to the bank 5,000 Cash from sale of land
12,000 Xavier’s reported cash flow from operations will be:
A) $6,000. B) -$5,000.
C) $5,000. Correct answer is A) Cash flow relating to operating activities includes cash paid to suppliers, cash received from customers, interest received, and wages paid. –5,000 + 14,000 + 1,000 + –4,000 = 6,000. Q13. An examination of the cash receipts and payments of Xavier Corporation reveals the following: Cash paid to suppliers for purchase of merchandise $5,000 Cash received from customers 14,000 Cash paid for purchase of equipment 22,000 Dividends paid 2,000 Cash received from issuance of preferred stock 10,000 Interest received on short-term investments 1,000 Wages paid 4,000 Repayment of loan to the bank 5,000 Cash from sale of land
12,000 Xavier's cash flow from financing (CFF) and cash flow from investing (CFI) will be: CFF CFI
A) $10,000 $12,000 B) $3,000 $12,000 C)
$3,000 -$10,000 Correct answer is C) Cash flow relating to financing activities includes dividends paid, cash received from preferred stock, and repayment of loan. -2,000 + 10,000 + -5,000 = 3,000. Cash flow relating to investing activities includes cash paid for equipment and cash from sale of land. -22,000 + 12,000 = -10,000. Q14. In preparing its cash flow statement for the year ended December 31, 2004, Giant Corporation collected the following data: Gain on sale of equipment $6,000 Proceeds from sale of equipment 10,000 Purchase of Zip Co. bonds for 180,000 (maturity value $200,000) Amortization of bond discount 2,000 Dividends paid (75,000) Proceeds from sale of Treasury stock 38,000 In its December 31, 2004, statement of cash flows, what amounts should Giant report as net cash used in investing activities and net cash used in financing activities? Investing Activities Financing Activities
A) $170,000 -$38,000 B) $178,000 -$37,000 C)
$170,000 $37,000 Correct answer is C) Investing Activities:
$10,000 – $180,000 = -$170,000 cash flow from investing or $170,000 used Financing Activities:
$38,000 − $75,000 = -$37,000 cash flow from financing or $37,000 used Note that the question asked for net cash used therefore this is a positive cash outflow. | 
发表于 2009-1-17 10:58
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