Question: Vision Corporation had a net decrease in cash of $10,000 for the current year. Net cash used in investing activities was $52.000 and net cash



Vision Corporation had a net decrease in cash of $10,000 for the current year. Net cash used in investing activities was $52.000 and net cash used in financing activitie was $38,000. What amount of cash was provided (used) in operating activities? Select one: a. $(80,000) used. b. $100,000 provided. c. $80,000 provided. d. $(100.000) used. During the year, ABC Corporation's Treasury Stock account increased $46,000 due to a cash purchase, cash dividends of $42,000 were paid and the company reported net income of $200,000. On the statement of cash flows (indirect method), Net cash used by financing activities is: Select one: O a. ($154,000) O b. ($112.000) O c. ($88.000) O d. ($158,000) A company retires its bonds at 105. The face value is $100,000 and the carrying value of the bonds at the retirement date is $103.745. The issuer's journal entry to record the retirement will include a: Select one: O a. Credit to Gain on Bond Retirement. O b. Debit to Premium on Bonds, OC. Credit to Premium on Bonds. d. Debit to Discount on Bonds. Kanet Company reports net income of $230,000 for the year ended December 31, Year 2. It also reports $87.700 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative balance sheet reveals a $35,500 decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12.500 decrease in wages payable. Calculate the new cash provided (used) in operating activities using the indirect method. Select one: O a. $351,450. O b. $319,950. OC. $356,450. O d. $376,450
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
