Midday Ltd. received cash of $4,000 from a sale to Sirius Ltd., $50,000 from a sale of a used machine to Foolish Inc., and $70,000 dividends on shares it owns in of Gong Ltd. How would these items appear on the cash flow statement?
A) Operating activities $4,000; investing activities $50,000; financing activities $70,000.
B) Operating activities $70,000; investing activities $4,000; financing activities $50,000.
C) Operating activities $50,000; investing activities $70,000; financing activities $4,000.
D) Operating activities $(4,000) ; investing activities $(50,000) ; financing activities $(70,000) .
E) Operating activities $(70,000) ; investing activities $(4,000) ; financing activities $(50,000) .
Correct Answer:
Verified
Q28: Adjustments must be made from accrual-based accounting
Q29: When an asset, which had been in
Q30: Long Ltd. received cash from various activities
Q31: Marcus Lalonde received $1,835.00 in cash dividends
Q32: A factory was gutted by fire and
Q34: A company's financial statements two years ago
Q35: In the direct cash flow method, which
Q36: The federal plus provincial income tax brackets
Q37: If losses are to be carried forward
Q38: Each of the five sales representatives at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents