Reading 34: Understanding the Cash Flow Statement - LOS f, following, white, style, black, class

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Q9. Juniper Corp. has the following transactions in 2005.

• Juniper’s equipment with a book value of $55,000 was sold for $85,000 cash.

• A parcel of land was purchased for $100,000 worth of Juniper common stock.

• ABC company paid Juniper preferred dividends of $40,000.

• Juniper declared and paid a $100,000 cash dividend.

Using the indirect method, what is cash flow from financing (CFF) for Juniper for 2005?

A)   -$100,000.

B)   -$60,000.

C)   -$15,000.

Q10. Selected information from Rockway, Inc.’s U.S. GAAP financial statements for the year ended December 31, included the following (in $):

	2004	2005
Sales	17,000,000	21,000,000
Cost of Goods Sold	11,000,000	15,000,000
Interest Paid	800,000	1,000,000
Current Income Taxes Paid	700,000	1,000,000
Accounts Receivable	3,000,000	2,500,000
Inventory	2,400,000	3,000,000
Property, Plant & Equip.	2,000,000	16,000,000
Accounts Payable	1,000,000	1,400,000
Long-term Debt	8,000,000	9,000,000
Common Stock	4,000,000	5,000,000

Using the direct method, cash provided or used by operating activities(CFO) in the year 2005 was:

A)   $6,300,000.

B)   $5,300,000.

C)   $4,300,000.

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