Mercer Corporation recorded the following events last year: Transaction Amount Repurchase by the company of its own common stock $50,000 Sale of long-term investment $75,000 Interest paid to lenders $21,000 Dividends paid to the company's shareholders $80,000 Collection by Mercer of a loan made to another company $55,000 Payment of taxes to governmental bodies $30,000 On the statement of cash flows, some of these events are classified as operating activities, some as investing activities, and some as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be

Mercer Corporation recorded the following events last year: Transaction Amount Repurchase by the company of its own common stock $50,000 Sale of long-term investment $75,000 Interest paid to lenders $21,000 Dividends paid to the company's shareholders $80,000 Collection by Mercer of a loan made to another company $55,000 Payment of taxes to governmental bodies $30,000 On the statement of cash flows, some of these events are classified as operating activities, some as investing activities, and some as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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In the current year, Harrisburg Corporation collected 100,000 from its customers and paid out 30,000 to suppliers, 20,000 to employees, and 8,000 for income taxes. Using the direct method, prepare the operating activities section of its statement of cash flows based on this information.
Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.
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The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment $ 45,000 Depreciation expense $ 24,000 Dividends received on long- $ 9,000 term investments Paid off bonds payable $ 12,000 $ 32,000 Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be:
Kaze Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $25,000 and its marketable securities account decreased by $15,000. Net cash provided by (used in) operating activities was $38,000. Net cash provided by (used in) investing activities was $9,000. Based on this information, the net cash provided by (used in) financing activities on the statement of cash flows was $(47,000). O $47,000. $(37,000). $37,000.
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Tom Hanks Company had the following account activity Increase in income taxes payable $100,000 Increase in bonds payable 240,000 Sale of investments 130,000 Issuance of common stock 120,000 Payment of cash dividends 70,000 Purchased treasury stock 25,000 Net cash provided by financing activities is:
Kela corporation reports net income of 570,000 that includes depreciation expense of 77,000 also cash of 47,000 it was borrowed on a three year note payable based on the data total cash inflows operating activities are