ACC 556 STR help A Guide to career/uophelp.com ACC 556 STR help A Guide to career/uophelp.com | Page 29

8 - Acquired an investment in Zynga stock for cash of $21,000.
9 - Converted bonds payable to common stock in the amount of
$500,000.
10 - Repaid a 6 year note payable in the amount of $220,000.
What is the net cash provided by financing activities?
Question 11
In order to determine net cash provided by operating activities, a
company must convert net income from an accrual basis to a cash basis
under
Question 12
The information to prepare the statement of cash flows comes from all
of the following sources except
Question 13
Peninsula Company reported net income of $260,000 for the year.
During the year, accounts receivable increased by $21,000, accounts
payable decreased by $9,000 and depreciation expense of $45,000 was
recorded. Net cash provided by operating activities for the year is
Question 14
In calculating cash flows from operating activities using the indirect
method, a loss on the sale of equipment will appear as a(n)
Question 15
The net income reported on the income statement for the current year
was $440,000. Depreciation was $62,000. Accounts receivable and
inventories decreased by $20,000 and $32,000, respectively. Prepaid
expenses and accounts payable increased, respectively, by $2,000 and
$16,000. How much cash was provided by operating activities?
Question 16
The statement of cash flows will not provide insight into