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MC Qu. 144 Stormer Company reports the following... Stormer Company reports the following amounts on...

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Accounting

MC Qu. 144 Stormer Company reports the following...

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $36,000; net cash used in investing activities was $13,200 and net cash used in financing activities was $16,800. If the beginning cash balance is $6,600, what is the ending cash balance?

Multiple Choice

$72,600.

$6,000.

$39,000.

$12,600.

$59,400.

MC Qu. 162 Jamison Company reports...

Jamison Company reports depreciation expense of $51,000 for Year 2. Also, equipment costing $173,000 was sold for a $6,100 gain in Year 2. The following selected information is available for Jamison Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

At December 31 Year 2 Year 1
Equipment $ 665,000 $ 838,000
Accumulated Depreciation-Equipment 472,000 555,000

Multiple Choice

$45,100.

$32,900.

$51,000.

$90,000.

$39,000.

Answer & Explanation Solved by verified expert
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