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%.