59.Refer to the information above. Compute the amount of Seldin's cash payments for purchases of merchandise during the current year.
A. $130,000.
B. $125,000.
C. $133,000.
D. $127,000.
60.Refer to the information above. Compute the amount of Seldin's cash payments for operating expenses.
A. $73,000.
B. $59,000.
C. $81,000.
D. $65,000.
61.Refer to the information above. Seldin's net cash flow from operating activities for the current year is:
A. $57,000.
B. $59,000.
C. $61,000.
D. $67,000.
62.Early in 2015, Larsen Corporation purchased marketable securities at a cost of $90,000. In September, dividends of $6,600 were received; Larsen sold the securities in December at a gain of $5,600. How would these transactions be reported on Larsen's statement of cash flows for 2015?
A. $95,600 net cash provided by investing activities; $6,600 included in cash provided by operating activities.
B. $12,200 net cash provided by investing activities.
C. $95,600 cash provided by investing activities; $90,000 cash used in financing activities.
D. $84,400 net cash used in investing activities; $95,600 cash provided by investing activities.
63.Refer to the information above. Compute the cash received from customers during the current year.
A. $530,000.
B. $510,000.
C. $520,000.
D. $80,000.
64.Refer to the information above. Compute the cash payments for purchases of merchandise during the current year.
A. $260,000.
B. $250,000.
C. $266,000.
D. $254,000.
65.Refer to the information above. Compute the cash payments for operating expenses.
A. $146,000.
B. $118,000.
C. $162,000.
D. $130,000.
66.Refer to the information above. Net cash flow from operating activities for the current year is:
A. $114,000.
B. $118,000.
C. $122,000.
D. $134,000.
67.Cash flows from investing activities include all of the following
except:
A. Cash proceeds from selling investments.
B. Cash proceeds from collections on loans.
C. Cash advanced to borrowers.
D. Cash proceeds from borrowing.
68.All of the following are financing activities
except:
A. Borrowing money.
B. Lending money.
C. Selling capital stock.
D. Paying dividends.