The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available

The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
 

Retained earnings balance at the beginning of the year	$160,000
Cash dividends declared for the year	$49,600
Net income for the year	$96,500

What is the ending balance for retained earnings?

$277,500.

$13,900.

$256,500.

$206,900.

$110,400.

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $32,500; net cash used in investing activities was $11,800 and net cash used in financing activities was $14,700. If the beginning cash balance is $5,900, what is the ending cash balance?
$64,900.
$53,100.
$35,500.
$6,000.
$11,900.

Use the following information to calculate cash received from dividends:

   

Dividends revenue	$ 39,800
Dividends receivable, January 1	4,600
Dividends receivable, December 31	7,400

$44,400.

$37,000.

$32,400.

$39,800.

$42,600.

A company reported that its bonds with a par value of $50,000 and a carrying value of $60,000 are retired for $63,600 cash, resulting in a loss of $3,600. The amount to be reported under cash flows from financing activities is:

$(10,000).

$10,000.

$(63,600).

$(60,000).

$(3,600).

A machine with a cost of $160,000, accumulated depreciation of $100,000, and current year depreciation expense of $24,500 is sold for $52,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
$48,000.
$8,000.
$24,500.
$23,500.
$52,000.

A machine with a cost of $147,000 and accumulated depreciation of $102,000 is sold for $58,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

$45,000.

$58,500.

$13,500.

Zero. This is a financing activity.

Zero. This is an operating activity.

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

 

Net income for the year was	$57,000
Accounts payable increased by	$18,500
Accounts receivable decreased by	$25,500
Inventories increased by	$6,000
Depreciation expense was	$31,500

Net cash provided by operating activities was:

$126,500.

$63,500.

$75,500.

$87,500.

$138,500.

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

 

Net income	$ 86,200
Depreciation expense	12,900
Gain on sale of land	7,400
Increase in merchandise inventory	2,950
Increase in accounts payable	7,050

$30,200.

$37,600.

$14,350.

$15,350.

$95,800.

A company's income statement showed the following: net income, $127,000 and depreciation expense, $30,900. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,700; merchandise inventory increased $18,600; and accounts payable increased $3,700. Calculate the net cash provided or used by operating activities.
$121,000.
$163,100.
$125,900.
$152,700.
$182,500.

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