Reference no: EM132786148
Question -
Q1. Joan's Vegetable Market had the following transactions during 2016:
1. Issued $50,000 of par value common stock for cash.
2. Repaid a 6 year note payable in the amount of $22,000.
3. Acquired land by issuing common stock of par value $50,000.
4. Declared and paid a cash dividend of $7,000.
5. Sold a long-term investment (cost $3,000) for cash of $6,000.
6. Acquired an investment in IBM stock for cash of $10,000.
What is the net cash provided by financing activities?
a. $67,000
b. $28,000
c. $21,000
d. $0
Q2. The following data are available for Alamo Corporation.
Sale of land $225,000
Sale of equipment $130,000
Issuance of common stock 140,000
Purchase of equipment 70,000
Payment of cash dividends 120,000
Net cash provided by investing activities is:
a. $285,000.
b. $260,000.
c. $305,000.
d. $425,000.
Q3. Tomas Pest Control Products has the following information available:
Net Income $25,000
Cash Provided by Operations 33,000
Cash Sales 65,000
Capital Expenditures 10,000
Cash Dividends Paid 2,000
What is Tomas' free cash flow?
a. $27,000
b. $23,000
c. $21,000
d. $10,000