Beltram Corporation\'s balance sheet and income statement appear below: The comp

Question

Beltram Corporation's balance sheet and income statement appear below:

The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend.

1) The amount of cash provided or used from Financing Activities is:

a: $26

b: ($26)

c: $39

d: ($39)

2) The amount of cash provided or used from Investing Activities is:

a: $28

b: $41

c: ($54)

d: ($41)

3) The amount of cash provided or used from Operating Activities is:

a: $13

b: $84

c: $67

d: $16

Explanation / Answer

1 Redemption of Bonds -29 =141-170 Issuance of Common Stock 3 Dividends paid -13 =50-(-5+68) Cash used from Financing Activities -39 Option D is correct 2 Purchase of property,plant and Equipment -41 =560-601 Cash used from Investing Activities -41 Option D is correct 3 Net income 68 Adjustments: Depreciation expense 17 Decrease in Accounts Receivable 6 Increase in Inventory -4 Decrease in Accounts Payable -4 Increase in Accrued Liabilities 1 Cash provided from Operating Activities 84 Option B is correct

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