Question

38. Which of the following would not be a cash flow from financing activities? A) Issuance of common stock. B) Borrowing on a long-term note payable. C) Collection of a cash dividend. D) Repayment of principal on a long-term note payable. E) None of the above is correct. 39. Boston Beer reported they sold equipment for $222 million and purchased $1,515 million of new equipment. The equipment sold had a net book value of $150 million. Cash flow from investing activities would show A) an inflow of $222 million and outflow of $1,515 million. 4222 SIS B) an inflow of $150 million and outflow of $1,515 million. C) a net outflow of $1,293 million. D) a net outflow of $1,365 million. E) None of the above is correct. 40. Zoum Corporation had the following transactions during 2016: 1 Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000. 3. Declared and paid a cash dividend of $10,000. 4. Sold a long-term investment (cost $3,000) for cash of $3,000. 5. Recorded cash sales of $400,000. 6. Bought inventory for cash of $160,000. 7. Acquired an investment in Zynga stock for cash of $21,000. What is the net cash provided by operating activities? 01 A) $305,000. B) $290,000. C) $240,000. D) $180,000. E) None of the above is correct 13
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