Use the following income statement and comparative balance sheet to find the following cash flows:   Income Statement                                                    2009 Revenues                                                              $600,000 -Cost of Goods Sold                                           -$300,000 Gross Margin                                                       $300,000 -Depreciation                                                      – $20,000 -Loss on Sale of Machine                                   – $15,000 -Salary expense                                                 – $150,000 -Tax expense                                                       – $15,000 Net Income                                                          $100,000   Balance Sheet                                                                                               12/31/2008                                       12/31/2009                            Cash                                                                             $22,000                                                $82,000 Accounts Receivable                                                   $30,000                                                $25,000 Inventory                                                                     $20,000                                                $40,000 Non-Current Deferred Tax Asset                                $5,000                                                  $25,000 Property, Plant, and Equipment, net                           $100,000                                             $120,000 Total Assets                                                                $177,000                                             $292,000   Accounts Payable – Salaries                                      $15,000                                                 $13,000 Accounts Payable – Inventory                                    $5,000                                                  $30,000 Common Stock                                                            $10,000                                                $10,000 APIC-C.S.                                                                    $62,000                                                $62,000 Treasury Stock                                                             ($5,000)                                                ($3,000) Retained Earnings                                                       $90,000                                                $180,000 Total Liabilities and Owners equity                           $177,000                                               $292,000 How much cash was paid for inventory in 2009?

On 12/14/2016 the Board of Directors declared a $2.00 per share dividend to be paid on 1/15/2017 to the shareholders of record on 12/28/2016. The Ex-dividend date for this stock is 12/26/2016.  Assuming that there are 2,000,000 shares outstanding, what entries (if no entry necessary, please indicate by writing “none”) would be made on the following dates? Journal Entry on 12/28/2016?

CPA Exam Bonus Question #2 In preparing its cash flow statement for the year ended December 31, 2022, Reve Co. collected the following data: Gain on sale of equipment                                          $6,000 Proceeds from sale of equipment                               $10,000 Purchase of A.S., Inc bonds (par value $200,000)     $180,000 Dividends declared                                                     $60,000 Dividends paid                                                            $55,000 Cash received from sale of treasury stock                  $80,000 What was Reve Co.’s net cash provided by financing activities?

Choose the correct answer. General wastes may include from.

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Which is NOT a cause of lowered blood pressure?

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