21) The receipt of interest on loans would be reported on a statement of cash flows under:
A) operating activities.
B) investing activities.
C) financing activities.
D) noncash activities.
22) Which of the following transactions does NOT affect cash during a period?
A) Sale of treasury stock
B) Write-off of an uncollectible account
C) Purchase of property with cash
D) Payment of an accounts payable
23) Acquisitions of treasury stock would be reported on a statement of cash flows as:
A) operating activities.
B) investing activities.
C) financing activities.
D) noncash investing and financing activities.
24) The purchase of treasury stock would be reported on a statement of cash flows as a:
A) cash outflow under the financing activities.
B) cash inflow under the investment activities.
C) cash inflow under the operating activities.
D) cash outflow under the investment activities.
25) Which of the following would be reported on a statement of cash flows as an investing activity?
A) Depreciation expense
B) Purchase of treasury stock
C) Sale of equipment for cash
D) Paying cash dividends
26) On the statement of cash flows, in which section would the purchase of land with cash appear?
A) Operating activities
B) Investing activities
C) Financing activities
D) Noncash investing and financing activities
27) Which of the following would be reported on a statement of cash flows as a financing activity?
A) Sale of equipment
B) Amortization expense
C) Collection of notes receivable
D) Purchase of treasury stock
28) In 2015, Chen Corporation purchased treasury stock with a cost of $50,000. During the year, the company declared and paid dividends of $10,000 and issued bonds payable for $1,000,000. Net Cash Provided by Financing Activities for 2015 is:
A) $940,000.
B) $950,000.
C) $990,000.
D) $1,000,000.
29) In 2015, Forever Young, Inc. sold land for $100,000 cash, purchased equipment for $20,000 cash and issued bonds for $100,000 cash. The Net Cash Provided by Investing Activities is:
A) $80,000.
B) $120,000.
C) $180,000.
D) $200,000.
30) Independent Support, Inc. issued common stock for $500,000 cash in 2015. The company declared and paid cash dividends of $50,000 and purchased treasury stock at a cost of $20,000. The financing section of the statement of cash flows will report Net Cash Provided by Financing Activities of:
A) $430,000.
B) $450,000.
C) $500,000.
D) $520,000.