81.Which of the following transactions is not reported in the statement of cash flows as a cash flow from investing activities?
A. Selling a depreciable asset for cash at a loss.
B. Purchasing a patent using cash.
C. Purchasing land in exchange for common stock.
D. Purchasing shares of common stock of another company using cash.
82.Which of the following is not reported as a cash flow from investing activities?
A. Sale of a depreciable asset for cash.
B. Purchasing land in exchange for common stock.
C. Selling a long-term investment at a loss for cash.
D. Purchase of a patent in exchange for cash.
83.KAJ Incorporated purchased a machine costing $250,000 by paying $35,000 and signing a $215,000 note payable.
A. An outflow of $250,000.
B. An outflow of $215,000.
C. An outflow of $35,000.
D. It would not be reported in the investing activities section of the cash flow statement.
84.KAJ Incorporated purchased a machine costing $250,000 by paying $35,000 and signing a $215,000 note payable.
A. An inflow of $215,000.
B. An outflow of $215,000.
C. An outflow of $35,000.
D. It would not be reported in the financing activities section.
85.During 2016, Tommy's Toys reported the following: long-term debt repayments, $503 million; interest paid, $143 million; proceeds from exercise of stock options, $27 million, and issue of common stock in exchange for land costing $10 million. What is the 2016 net cash flow from financing activities?
A. $476 million net cash outflow.
B. $530 million net cash outflow.
C. $673 million net cash outflow.
D. $76 million net cash outflow.
86.Which of the following would not be reported as a financing activities cash flow?
A. Issuing common stock for cash.
B. Cash dividend payments.
C. Purchasing treasury stock.
D. Purchase of a building by signing a note payable.
87.A company's 2016 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,000 and the unearned sales revenue account decreased $15,000 during 2016. How much cash was collected from customers during 2016?
A. $1,225,000.
B. $1,160,000.
C. $1,175,000.
D. $1,185,000.
88.Bold Company's 2016 income statement reported total sales revenue of $250,000. During 2016, accounts receivable decreased by $20,000 and accounts payable increased $10,000. How much cash was collected from customers during 2016?
A. $230,000.
B. $270,000.
C. $250,000.
D. $280,000.
89.The financial statements for World Company show the following:
Cost of goods sold, $725,000.
Beginning BalanceEnding Balance
Merchandise Inventory$45,000$56,000
Accounts Receivable 53,000 50,000
Accounts Payable 37,000 42,000
How much cash was paid to suppliers?
A. $731,000.
B. $736,000.
C. $719,000.
D. $714,000.
90.Madison Company had sales of $154,000. Additional information from the balance sheet is below:
Beginning BalanceEnding Balance
Accounts Receivable$22,000$28,000
Accounts Payable 21,000 25,000
How much cash was collected from customers?
A. $148,000.
B. $150,000.
C. $154,000.
D. $160,000.
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