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MC Qu. 150 In preparing a companys...

In preparing a company's statement of cash flows for the most recent year, the following information is available:

Loss on the sale of equipment	$	14,400
Purchase of equipment		149,000
Proceeds from the sale of equipment		130,000
Repayment of outstanding bonds		89,000
Purchase of treasury stock		64,000
Issuance of common stock		98,000
Purchase of land		119,000
Increase in accounts receivable during the year		45,000
Decrease in accounts payable during the year		77,000
Payment of cash dividends		37,000

Net cash flows from investing activities for the year were:

Multiple Choice

$138,000 of net cash provided.

$138,000 of net cash used.

$260,000 of net cash used.

$123,600 of net cash used.

$227,000 of net cash provided.

MC Qu. 164 Bagwells net income for the year...

Bagwell's net income for the year ended December 31, Year 2 was $189,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2.

At December 31	Year 2			Year 1
Common Stock, $5 par value	$	504,000		$	453,600
Paid-in capital in excess of par		952,000			856,600
Retained earnings		692,000			585,600

Multiple Choice

$50,400.

$145,800.

$95,400.

$189,000.

$106,400.

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