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The following data are available for Two-off Company 1. In Lynne Company, there was an increase in the land account during the year of $43,000. Analysis reveals that the change resulted from a cash sale of land at cost $115,000, 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, $43,000. b. only as a purchase of land $158,000. c. as a purchase of land $158,000 and a sale of land $115,000. d. only as a sale of land $115,000. 2. The following data are available for Sampson Corporation. Net income $200,000 Depreciation expense 60,000 Dividends paid 90,000 Loss 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. $140,000. b. $260,000. c. $160,000. d. $240,000. 3. The following data are available for Alamo Corporation. Sale of land $225,000 Sale of equipment $130,000 Issuance of common stock 140,000 Purchase of equipment 70,000 Payment of cash dividends 120,000 Net cash provided by investing activities is: a. $285,000. b. $260,000. c. $305,000. d. $425,000. 4. The following data are available for Two-off Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale of investments 150,000 Issuance of common stock 160,000 Payment of cash dividends 90,000 Net cash provided by financing activities is: a. $180,000. b. $370,000. c. $360,000. d. $420,000. 5. If $250,000 of bonds are issued during the year but $130,000 of old bonds are retired during the year, the statement of cash flows will show a(n) a. net increase in cash of $120,000. b. net decrease in cash of $120,000. c. increase in cash of $250,000 and a decrease in cash of $130,000. d. net gain on retirement of bonds of $120,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

The following data are available for Two-off Company

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