The Comparative Balance Sheets of Posner Company, for Years 1

question 175

Multiple Choice

The comparative balance sheets of Posner Company, for Years 1 and 2 ended December 31, appear below in condensed form: Additional data for the current year are as follows: (a) Fully depreciated equipment costing $60,000 was scrapped, no salvage, and new equipment was purchased for $183,200.(b) Bonds payable for $100,000 were retired by payment at their face amount.(c) 5,000 shares of common stock were issued at $13 for cash.(d) Cash dividends declared and paid, $25,000.​
What are the net cash flows from operating, investing, and financing activities for Year 2?

• A)operating: $108,000; investing: ($105,200); financing: ($60,000)
• B)operating: $151,800; investing: ($84,200); financing: ($64,600)
• C)operating: $122,200; investing: ($84,200); financing: ($35,000)
• D)operating: $172,200; investing: ($109,200); financing: ($60,000)

---

Definitions:

Departure of the Volunteers

A painting by Jacques-Louis David titled "The Departure of the Volunteers of 1792," depicting enthusiastic volunteers responding to the French Revolution.

Arc de Triomphe

A monumental arch in Paris, France, erected to celebrate the victories of Napoleon Bonaparte.

Romantic Transcendental

Refers to a philosophical movement that emphasizes the profound and often mystical connection between humans and nature, often found in Romantic literature and thought.

English Countryside

Refers to the rural areas of England, known for their scenic landscapes, historical towns, and agricultural practices.