81 which of the following transactions is not reported in the statement of cash flow 4314061

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.

1

Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.