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.
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
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
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发表于 2009-1-17 10:58
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