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