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Accounts receivable arising from sales to customers

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Accounts receivable arising from sales to customers 1. Joy Elle’s Vegetable Market had the following transactions during 2011: 1. Issued $50,000 of par value ordinary shares for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing ordinary shares of par value $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a non-current investment (cost $63,000) for cash of $6,000. 6. Acquired an investment in IBM shares for cash of $12,000. What is the net cash provided by investing activities? a. $12,000 b. $32,000 c. ($6,000) d. $6,000 2. Miller Company purchased treasury shares with a cost of $15,000 during 2011. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2011 total a. $846,000 net cash inflow. b. $861,000 net cash inflow. c. $866,000 net cash outflow. d. $831,000 net cash inflow. 3. Cline Company issued ordinary shares for proceeds of $372,000 during 2011. The company paid dividends of $66,000 and issued a non-current note payable for $90,000 in exchange for equipment during the year. The company also purchased treasury shares that had a cost of $14,000. The financing section of the statement of cash flows will report net cash inflows of a. $292,000. b. $404,000. c. $306,000. d. $358,000. 4. In Gentry Company, land decreased $140,000 because of a cash sale for $140,000, the equipment account increased $40,000 as a result of a cash purchase, and Bonds Payable increased $130,000 from issuance for cash at face value. The net cash provided by investing activities is a. $140,000. b. $230,000. c. $100,000. d. $110,000. 5. Accounts receivable arising from sales to customers amounted to ¥800,000 and ¥700,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was ¥2,800,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a. ¥2,800,000. b. ¥2,900,000. c. ¥3,500,000. d. ¥2,700,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Accounts receivable arising from sales to customers

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