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Exam 14: Statement of Cash Flows

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Question 71

True/False

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When a company pays a supplier for inventory it has purchased,the cash outflow is recorded in the investing activities section of the statement of cash flows.

A) True
B) False

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Question 72

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Financial statements of Rukavina Corporation follow: Cash dividends were $8. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in) investing activities for the year was:

A) $26
B) $15
C) $(26)
D) $(15)

E) A) and D)
F) C) and D)

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Question 73

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Suggett Corporation's net cash provided by operating activities was $34; its income taxes were $12; its capital expenditures were $24; and its cash dividends were $7.The company's free cash flow was:

The most recent balance sheet and income statement of Penaloza Corporation appear below: The company paid a cash dividend of $18. It did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in) financing activities for the year was:

An increase in the Inventory account from $10,000 at the beginning of the year to $15,000 at the end of the year would be shown on the statement of cash flows prepared under the indirect method as:

Tomlin Corporation prepares its statement of cash flows using the indirect method.Which of the following would be subtracted from net income in the operating activities section of the statement?

Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows. -What is Stone's net cash provided by (used in) investing activities?

Money received from issuing bonds payable would be included as part of a company's financing activities on the statement of cash flows.

Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows. -What is Stone's net cash provided by (used in) financing activities?

In a statement of cash flows,issuing bonds payable affects the:

Kaeser Corporation's most recent balance sheet appears below: The company's net income for the year was $52 and it did not sell or retire any property,plant,and equipment during the year.Cash dividends were $9.The net cash provided by (used in) investing activities for the year was:

When a company pays cash to repurchase its own common stock,this is reported as a cash outflow in the financing activities section of the statement of cash flows.