Net cash provided by investing activities

Net cash provided by investing activities 1. In Shannon Company, there was an increase in the land account during the year of $48,000. Analysis reveals that the change resulted from a cash sale of land at a cost $110,000, and a cash purchase of land for $158,000. In the statement of cash flows, the change in the land account should be reported in the investment section: a. as a net purchase of land, $48,000. b. only as a purchase of land $158,000. c. as a purchase of land $158,000 and a sale of land $110,000. d. only as a sale of land $110,000. 2. The following data are available for Springer Corporation. Net income ₤300,000 Depreciation expense 60,000 Dividends paid 90,000 Gain on sale of land 15,000 Decrease in accounts receivable 30,000 Decrease in accounts payable 45,000 Net cash provided by operating activities is: a. ₤240,000. b. ₤330,000. c. ₤360,000. d. ₤420,000. 3. The following data are available for Nichols Corporation. Sale of land $200,000 Sale of equipment 100,000 Issuance of ordinary shares 140,000 Purchase of equipment 60,000 Payment of cash dividends 120,000 Net cash provided by investing activities is: a. $240,000. b. $260,000. c. $300,000. d. $380,000. 4. The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale of investments 150,000 Issuance of ordinary shares 180,000 Payment of cash dividends 90,000 Net cash provided by financing activities is: a. $270,000. b. $390,000. c. $480,000. d. $510,000. 5. If $250,000 of bonds are issued during the year but $100,000 of old bonds are retired during the year, the statement of cash flows will show a(n) a. net increase in cash of $150,000. b. net decrease in cash of $150,000. c. increase in cash of $250,000 and a decrease in cash of $100,000. d. net gain on retirement of bonds of $150,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help