In Preparing a Company's Statement of Cash Flows for the Year

question 158

Multiple Choice

In preparing a company's statement of cash flows for the year just ended,the following information is available:
$$\begin{array} { | l | r | } \hline \text { Loss on the sale of equipment } & \$ 14,000 \\\hline \text { Purchase of equipment } & 225,000 \\\hline \text { Proceeds from the sale of equipment } & 106,000 \\\hline \text { Repayment of outstanding bonds } & 87,000 \\\hline \text { Purchase of treasury stock } & 25,000 \\\hline \text { Issuance of common stock } & 96,000 \\\hline \text { Purchase of land } & 115,000 \\\hline \text { Increase in accounts receivable during the year } & 33,000 \\\hline \text { Decrease in accounts payable during the year } & 75,000 \\\hline \text { Payment of cash dividends } & 35,000 \\\hline\end{array}$$
Net cash flows from financing activities for the year were:

• A) $147,000 of net cash used.
• B) $26,000 of net cash used.
• C) $347,000 of net cash used.
• D) $51,000 of net cash used.
• E) $340,000 of net cash used.

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Definitions:

Antisocial Personality Disorder

A mental health condition characterized by a long-term pattern of manipulating, exploiting, or violating the rights of others.

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, without the presence of true obsessions and compulsions found in OCD.

Traits

Relatively stable patterns of thought, feeling, or behavior that characterize an individual.

States

Temporary patterns of thought, feeling, or behavior.