Examlex

Solved

What Would Be the Cash Inflows from Investing and Financing

question 66

Multiple Choice

What would be the cash inflows from investing and financing activities given the following data if the cash flow statement was prepared using GAAP?  Proceeds from issuance of preferred shares $80,000 Interest received on investments 8,000 Proceeds from sale of equipment 89,000 Proceeds from issuance of bonds 300,000 Dividends received on investments 3,000 Proceeds from sale of investments 43,000 Gain on the sale of a temporary investment 4,000\begin{array} { l r } \text { Proceeds from issuance of preferred shares } & \$ 80,000 \\\text { Interest received on investments } & 8,000 \\\text { Proceeds from sale of equipment } & 89,000 \\\text { Proceeds from issuance of bonds } & 300,000 \\\text { Dividends received on investments } & 3,000 \\\text { Proceeds from sale of investments } & 43,000 \\\text { Gain on the sale of a temporary investment } & 4,000\end{array}


Definitions:

Due Process Clause

A constitutional guarantee in the Fifth and Fourteenth Amendments of the United States Constitution that laws and legal proceedings must not be arbitrary and must be conducted fairly.

Fourteenth Amendment

The Fourteenth Amendment to the United States Constitution grants citizenship to all persons born or naturalized in the U.S., and guarantees all citizens "equal protection of the laws," significantly impacting civil rights.

Antifederalists

Individuals or groups opposed to the creation of a stronger U.S. federal government and the ratification of the Constitution in 1787, advocating for more power to states.

Bill of Rights

A collective term for the first ten amendments to the United States Constitution, guaranteeing such rights as freedom of speech, assembly, and worship.

Related Questions