In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment$14,000Purchase of equipment 225,000Proceeds from the sale of equipment 106,000Repayment of outstanding bonds 87,000Purchase of treasury stock 25,000Issuance of common stock 96,000Purchase of land 115,000Increase in accounts receivable during the year 33,000Decrease in accounts payable during the year 75,000Payment of cash dividends 35,000Net cash flows from investing activities for the year were:
A. $280,000 of net cash provided.
B. $120,000 of net cash provided.
C. $259,000 of net cash used.
D. $234,000 of net cash used.
E. $340,000 of net cash used.
Answer: D
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Alyssa needed a new stirrup for her saddle. She had to drive 30 miles to the Western Tack store in order to make the purchase. To Alyssa, the Western Tack store is an example of a
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Parameter design focuses on ______.
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Governmental health care entities, public school systems, and museums are commonly accounted for as special-purpose governments.
Answer the following statement true (T) or false (F)
Select the term from the list provided that best matches each of the following descriptions or definitions:Your AnswerDefinition or DescriptionTerm?A. Another term for the current ratio1. Absolute amounts?B. Calculated by dividing dividends per share by the market price per share2. Acid-test ratio?C. Presentation of too much information may serve to confuse users of the information3. Dividend yield?D. Measure of efficiency in using assets; calculated as net sales divided by average total assets4. Earnings per share?E. Measure of immediate debt paying ability5. Information overload?F. A profitability measure, net income divided by net sales6. Inventory turnover?G. Measures the profitability of a company's asset base, also known as return on assets7. Net margin?H. Analysis
technique that compares an item from the financial statements with a key amount from the same year's financial statements8. Average days to collect receivables?I. Indicates the number of times, on average, that inventory is totally replaced during the year.9. Return on investment?J. Net income available for common stock divided by average number of outstanding shares10. Asset turnover?K. Current assets minus current liabilities11. Vertical analysis?L. Ratio that measures how quickly a company collects its accounts receivable; calculated by dividing net credit sales by average net receivables12. Working capital?M. Calculated by dividing 365 by the accounts receivable turnover ratio13. Working capital ratio What will be an ideal response?