Reference no: EM132631217
Questions -
Q1) The following data are available for delane company
Increase in accounts payable $120,000
Increase in bonds payable 300,000
Sale of investments. 150,000
Issuance of Common stock 160,000
Payment of cash dividends. 90,000
Net cash provided by financing activities is:
A) $180,000
B) $150,000
C) $370,000
D) $360,000
E) $420,000
Q2) For Crown Company, net income is $295,000. If accounts receivable increased $140,000 and accounts paabale decreased $40,000, net cash provided by operating activities using the indirect method is:
A) $145,000
B) $185,000
C) $465,000
D) $115,000
E) $385,000
Q3) Bond interest paid is
A) Higher when bonds sell at a discount and lower when bonds sell at a premium
B) Lower when bonds sell at a discount and higher when bonds sell at a premium
C) Lower when bonds sell at a premium
D) Higher when bonds sell at a discount
E) The same whether bonds sell at a discount or premium
Q4) A bond with a face value of $300,000 and a quoted price of 102 1/8 has a selling price of
A) $360,000
B) $300,025
C) $300,000
D) $306,225
E) $306,375