w Take Test Ch 14 Quiz SC Q ACCT 5110 Quizzes Flashca

?.® | w Take Test: Ch 14 Quiz SC × | Q ACCT 5110 Quizzes Flashca | + v c.edu/webapps/assessment/take/laun O an increase in accrued liabilities. O an increase in accumulated depreciation. O an increase in prepaid expenses. QUESTION 7 2.00000 poin Reynoldsburg Company recorded the following activity for the year just ended: Proceeds from sale of plant s800,0 equipment Dividends received from investments Common stock issued 400,000 Notes issued to creditors for borrowed funds 120,000 160,000 Dividends paid to stockholders 40 Purchase of plant equipment 240,000 The net cash provided by financing activities for the year was: O $400,000. ?$520,000, O $560,000. O $600,000. 2.00000 po QUESTION 8 The sale of land at a gain would be shown on the statement of cash flows prepared under the indirect method in which of the following manners? The cash received would be shown O As an adjustment to net income and the gain would not appear on the statement of cash flows. O Under Investing Activities and the gain would not appear on the statement of cash flows. Under Investing Activities and the gain would be added to net income. 1 Andar Inanoetinn ??.initiae and \"heansinmn..ld ha do 4..etadfrnm na. Cliek Save and Submit to save and submit. Click Save All Answers to save all answers

Solution

Question 7

Answer is option B $520,000

Common Stock issued............. 400,000

Notes issued to creditors for borrowed funds....... 160000

Dividends paid to stockholders............ (40,000)

Net cash provided financing activities...... 520,000