Given the Following Information, Determine the Amount of Cash Flows

question 139

Multiple Choice

Given the following information, determine the amount of cash flows from investing and financing activities. $\begin{array}{|l|r|}\hline \text { Net income } & \$ 50,000 \\\hline \text { Loss on sale of plant assets } & 15,000 \\\hline \text { Cash received from sale of plant assets } & 26,000 \\\hline \text { Cash received from issuing stock } & 70,000 \\\hline \text { Increase in income taxes payable } & 120,000\\\hline\end{array}$

• A) \(\begin{array}{|l|}
• \hline \text {Cash provided by irvesting activities, \$ 11,000 } \\
• \hline \text {Cash provided by finaricing activities, \$ 70,000} \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|l|}
• \hline \text {Cash used by irvesting activities, \$ 11,000 } \\
• \hline \text {Cash used by finaricing activities, \$ 70,000} \\
• \hline
• \end{array}\)
• C) Cash provided by irvestirg activities, \(\$ 26,000\)
• Cash provided by firancing activities, \(\$ 55,000\)
• D) \(\begin{array}{|l|}
• \hline \text {Cash used by irvesting activities, \$ 26,000} \\
• \hline \text {Cash used by Finarucing activities, \$ 55,000} \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|}
• \hline \text {Cash provided by irvesting activities, \$ 26,000} \\
• \hline \text {Cash provided by finaricing activities, \$ 70,000} \\
• \hline
• \end{array}\)

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Definitions:

Suprachiasmatic Nucleus

A small region of the brain in the hypothalamus responsible for controlling circadian rhythms.

Peribrachial Area

Cholinergic nucleus in the dorsal brainstem having a role in R-sleep behaviors; projects to medial pontine reticular formation.

Microsleep

Brief sleep period lasting a second or so.

Sporadic Napping

The act of taking short, unplanned periods of sleep at irregular intervals.