The following information is available. Calculate the cash flow for operating activities. Net Income 60 Depreciation Expense 5 De

Chapter 14 Quiz Version C The following information is available. Calculate the cash flow for operating activities. Net Income Depreciation Expense 5 Decrease in Acct. Rec. 6 Decrease in Acct. Pay. 3 Purchase of Equipment 15 Increase in Supplies 4 60 The company sold equipment with an original cost of $35 for $30. The accumulated depreciation was $25. The Company issued common stock for $ and retired a bond for $10. CCi 1. What is the net cash flow from operating activities? A. $42 B. $40 C. $44 D. $55 CA 2. What is the net cash flow from Investing Activities? $15 increase B. $15 decrease C. $10 increase D. $20 increase 3. What is the net cash flow from Financing Activities? A. $14 B. $ 5 C. ($14) D. (S 5) 4. What is the change in the cash account from all activities? A. $40 B. $34 C. $54 D. $41

The following information is available. Calculate the cash flow for operating activities. Net Income 60 Depreciation Expense 5 Decrease in Acct. Rec. 6 Decrease in Acct. Pay. 3 Purchase of Equipment 15 Increase in Supplies 4 The company sold equipment with an original cost of $35 for $30. The accumulated depreciation was $25. The Company issued common stock for $ and retired a bond for $10. What is the net cash flow from operating activities? A. $42 B. $40 C. $44 D. $55 What is the net cash flow from Investing Activities? A. $15 increase B. $15 decrease C. $10 increase D. $20 increase What is the net cash flow from Financing Activities? A. $14 B. $ 5 C. ($14) D. ($ 5) What is the change in the cash account from all activities? A. $40 B. $34 C. $54 D. $41

Expert Answer

	Cash Flow from Operating Activities
	Net Income	$ 60
Add	Depreciation	$ 5
Add	Decrease in Acc Receivable	$ 6
Less	Profit on Sale of Equipment ($ 30 – $ 10)	$ (20)
Less	Decrease in Acc Pay	$ (3)
Less	Increase in Supplies	$ (4)
	Net Cash Flow (a )	$ 44

	Cash Flow from Investing Activities
	Purchase of Equipment	$ (15)
Add	Sales of Equipment	$ 30
	Net Cash Flow (b )	$ 15


	Cash Flow from Financing Activities
	Issue of Common Stock	$ 5
Less	Retire of Bond	$ (10)
	Net Cash Flow (c )	$ (5)


	Change in Cash Account from All Activities (a + b + c)	$ 54




Ans 1	$44	C
Ans 2	$ 15 increase	A
Ans 3	($5)	D
Ans 4	$54	C

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