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Problem 1: Over the year the net fixed assets increased by $10,000. The gross fixed assets increased by $15,000. The depreciation expenses for the year were:
a. 5,000
b. 10,000
c.1 5,000
d. 20,000
Problem 2: In a given year no new debt was issued and $500 of the existing debt was repaid. The dividend payment in that year was $200. There were no new stock issues and the stock buybacks increased the treasury stock by $300. The cash from/to financing in that year was:
a. +$100
b. $0
c. -$400
d.-$1,000
Financial Statement Analysis and Preparation
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