n the diffierence i to elassify all income laxes paid as ope

n, the diffierence i to elassify all income laxes paid as operating cash a cash k will be shown as cash flows d. All of a following items are reported on the financial statements for 201 5 2015 for Speneer Corporanion was $400,000. T 6. Net cash fhow t trom operating activities for Spences $20,000 12,000 24,000 Cash dividends paid on common stock Increase in accounts receivables Based on the information above, Spencer\'s net income for 2015 was a $412,000 b. 5396,000 c. 5364,000 d. $356,000. 7. In preparing Titan Inc.\'s statement of cash flows for the year ended December 31, following amounts were available: Collect note receivable Issue bonds payable Purchase treasury stock $410,000 426,000 200,000 What amount should be reported on Titan, Inc.\'s statement of cash flows for investing a. $410,000 b. $210,000 c. $836,000 d. $226,000

Solution

Answer :

Q.4. - (c) $229,000 - Cash flow from operating activity

Computation : (265000+45000+24000-36000-9000-60000)

Q.5. - (d). All of the above

Q.6 - (a) . $412,000 ( 400000-12000+24000)

Q.7.- (c) -$836,000 (410000+426000)