Homework SourseThe net amount of cash received used for investing activitie
The net amount of cash received (used) for investing activities during 2012 is:
$(55,000)
$(40,000)
$(95,000)
$(70,000)
none of the above
The net amount of cash received (used) for investing activities during 2012 is:
$(55,000)
$(40,000)
$(95,000)
$(70,000)
none of the above
The net amount of cash received (used) for financing activities during 2012 is:
$38,000
$55,000
$53,000
$61,000
none of the above
The net amount of cash received (used) for financing activities during 2012 is:
$38,000
$55,000
$53,000
$61,000
none of the above
The cash provided by (used in) operating activities for 2012 is:
$42,000.
$32,000.
$46,000.
$30,000.
none of the above
The cash provided by (used in) operating activities for 2012 is:
$42,000.
$32,000.
$46,000.
$30,000.
none of the above
SALLY COMPANY BALANCE SHEET ACCOUNTS December 31, 2012 and 2011 Cash counts Receivable Merchandise Inventory Buildings Land 10,000 20,000 13,000 110,000 5,000 19,000 10,000 70,000 34 187,000 4 Totals 108,000 3,000 40,000 32,000 76,000 ccounts Payable ccum Depre-Buildings Bonds Payable (due 2050) Common Stock ($1 par value) Retained Earnings 8,000 25,000 20,000 35,000 36 20 Totals 187,000 108,000 Solution
1. Cash used for Investing activities = $(70,000)
=Purchase of Land + Purchase of Building
=$40,000 + $30,000 = $(70,000)
2. Cash received for financing activities = None of the above
= Proceeds from issue of shares + Cash from issue of Bonds - Cash dividends paid
= $41,000 + $12,000 - $8,000 = $45,000
3. Cash provided by operating activities = $30,000
= Net Income + Depreciation expenses - Accout payables decrease - Account receivable increase - Merchandise Inventory increase
=$24,000 + $15,000 - $5,000 - $1,000 - $3,000 = $30,000
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