question 1. During the current year, Rock Company’s cash balance increased from $71,000 to $91,500. Rock’s net cash flow from operating activities was $37,500 and its net cash flow from financing activities was $11,500. How much was Rock’s net cash flow from investing activities?
Multiple Choice
A net cash flow of ($69,500).
A net cash flow of ($28,500).
A net cash flow of $69,500.
A net cash flow of $42,500
question 2. Sith Corporation has provided the following information:
Cash sales totaled $136,000.
Credit sales totaled $290,000.
Cash collections from customers for services yet to be provided
totaled $49,000.
An $11,000 gain from the sale of property and equipment
occurred.
Interest income totaled $8,800.
How much of these items was included in operating income?
Multiple Choice
$494,800
$475,000
$434,800
$437,000
question 3. The Pioneer Company has provided the following account balances: Cash $38,700; Short-term investments $4,700; Accounts receivable $6,700; Supplies $51,500; Long-term notes receivable $2,700; Equipment $99,500; Factory Building $187,000; Intangible assets $6,700; Accounts payable $29,300; Accrued liabilities payable $3,650; Short-term notes payable $15,400; Long-term notes payable $95,500; Common stock $187,000; Retained earnings $66,650. What are Pioneer's total current liabilities? Multiple Choice
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1) Cash flow from investing activities
Net cash flow from operating activities | 37500 |
Net cash flow from financing activities | 11500 |
Total increase | 49000 |
Net increase (91500-71000) | 20500 |
Net cash outflow from investing activities (49000-20500) | 28500 |
So answer is b) A net cash flow of ($28,500).
2) Amount included in operating income
Cash Sales | 136000 |
Credit Sales | 290000 |
Interest income | 8800 |
Total | 434800 |
So answer is c) $434800
3) Total Current liabilities
Account payable | 29300 |
Accrued liabilities | 3650 |
Short term notes payable | 15400 |
Total Current liabilities | 48350 |
So answer is a) $48350
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