what is samarium s net cash provided used by investing activities 641394

Samarium Retail Corporation”s most recent comparative Balance Sheet is as follows:

Assets Don't use plagiarized sources. Get Your Custom Essay on what is samarium s net cash provided used by investing activities 641394 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Order Essay	Ending		Beginning
Cash	$ 51,000		$ 64,000
Accounts receivable, net	83,000		41,000
Merchandise inventory	96,000		87,000
Equipment	120,000		120,000
Accumulated depreciation	(65,000)		(50,000)
Total assets	$285,000		$262,000
Liabilities and Stockholders’ Equity
Accounts payable		$ 12,000		$ 38,000
Taxes payable		1,000		3,000
Notes payable		30,000		5,000
Common stock		100,000		80,000
Retained earnings		142,000		136,000
Total liabilities and stockholders’ equity		$285,000		$262,000

Samarium”s net income was $46,000. No direct exchange transactions occurred at Samarium during the year. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Samarium uses the indirect method to prepare its statement of cash flows.

1 What is Samarium”s net cash provided (used) by operating activities?

A) $(18,000)

B) $(33,000)

C) $69,000

D) $84,000

2. What is Samarium”s net cash provided (used) by investing activities?

A) $0

B) $(15,000)

C) $25,000

D) $45,000

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