179.Identify which of the following accounts would appear on a balance sheet.
(a)Cash
(b)Fees earned
(c)Common stock
(d)Wages payable
(e)Rent expense
(f)Prepaid advertising
(g)Land
180.Indicate whether each of the following activities would be reported on the statement of cash flows as an operatingactivity, an investing activity, a financing activity, or does not appear on the cash flow statement.
(a)Cash paid for building
(b)Cash paid to suppliers
(c)Cash paid for dividends
(d)Cash received from customers
(e)Cash received from the sale of common stock
(f)Cash received from the sale of a building
(g)Borrowed cash from a bank
181.For each of the following, determine the amount of net income or net loss for the year.
(a)Revenues for the year totaled $71,300 and expenses totaled $35,500. The shareholderspurchased $15,000 of common stock during the year.
(b)Revenues for the year totaled $220,500 and expenses totaled $175,000. The shareholderswere paid $40,000 dividends during the year.
(c)Revenues for the year totaled $149,000 and expenses totaled $172,000. The shareholderspurchased $12,000 of common stock and were paid $16,000 in dividends during the year.
(d)Revenues for the year totaled $198,150 and expenses totaled $174,200. The shareholderswere paid $35,000 dividends during the year.