146. An increase in the accounts receivable account during the year should be reported on the statement of cash flows as:A. An increase in cash flows from operating activitiesB. An increase in cash...







146. An increase in the accounts receivable account during the year should be reported on the statement of cash flows as:
A. An increase in cash flows from operating activities
B. An increase in cash flows from investing activities
C. A decrease in cash flows from operating activities
D. A decrease in cash flows from investing activities
E. An increase in cash flows from financing activities



147. A decrease in the inventory account during the year should be reported on the statement of cash flows as:
A. An increase in cash flows from operating activities
B. An increase in cash flows from investing activities
C. A decrease in cash flows from operating activities
D. A decrease in cash flows from investing activities
E. An increase in cash flows from financing activities



148. A dividend payment to shareholders during the year should be reported on the statement of cash flows as:
A. An increase in cash flows from financing activities
B. An increase in cash flows from investing activities
C. A decrease in cash flows from operating activities
D. A decrease in cash flows from investing activities
E. An decrease in cash flows from financing activities



149. Northington, Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from operating activities using the indirect method:



















































Net income




$182,000




Gain on the sale of equipment




12,300




Proceeds from the sale of equipment




92,300




Depreciation expense–equipment




50,000




Payment of bonds at maturity




100,000




Purchase of land




200,000




Issuance of common stock




300,000




Increase in merchandise inventory




35,400




Decrease in accounts receivable




28,800




Increase in accounts payable




23,700




Payment of cash dividends




32,000






A. $332,200.
B. $236,800.
C. $261,400.
D. $186,800.
E. $189,400.



150. Northington, Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from investing activities:



















































Net income




$182,000




Gain on the sale of equipment




12,300




Proceeds from the sale of equipment




92,300




Depreciation expense–equipment




50,000




Payment of bonds at maturity




100,000




Purchase of land




200,000




Issuance of common stock




300,000




Increase in merchandise inventory




35,400




Decrease in accounts receivable




28,800




Increase in accounts payable




23,700




Payment of cash dividends




32,000






A. $(107,700).
B. $107,700.
C. $(200,000).
D. $(139,700).
E. $(207,700).



151. Northington, Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from financing activities:



















































Net income




$182,000




Gain on the sale of equipment




12,300




Proceeds from the sale of equipment




92,300




Depreciation expense–equipment




50,000




Payment of bonds at maturity




100,000




Purchase of land




200,000




Issuance of common stock




300,000




Increase in merchandise inventory




35,400




Decrease in accounts receivable




28,800




Increase in accounts payable




23,700




Payment of cash dividends




32,000




A. $(168,000).
B. $200,000.
C. $168,000.
D. $(191,700).
E. $191,700.









152. A company had average total assets of $3,216,000, total cash flows of $1,320,000, cash flows from operations of $554,000, and cash flows for plant assets of $850,000. The cash flow on total assets ratio equals:

A. 41.04%.
B. 41.97%.
C. 26.43%.
D. 17.23%.
E. 64.39%.



May 15, 2022
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