Reference no: EM132729577

Problem 1: The End Co issued preferred stock for proceeds of $19,000 during 2014. The company paid dividends of $3,500 on the preferred stock. The company issued a long-term note payable for $75,000 in exchange for a building during the year and bought $16,000 of new equipment. The company also purchased treasury stock for $5,000. The financing section of the statement of cash flows will report net cash inflows of

Group of answer choices

(a) $69,500

(b) $85,500

(c) $27,500

(d) $10,500

Problem 2: Final Inc. showed buildings decreased $80,000 because of a cash sale for $80,000, the machinery account increased $20,000 as a result of a cash purchase, 5-Yr Notes Payable increased $30,000 from issuance for cash at face value, and Interest Payable decreased $3,000 because of an interest payment. The net cash provided by investing activities is

Group of answer choices

(a) $60,000

(b) $87,000

(c) $57,000

(d) $100,000