1.Northwest Builders, Inc. reported Cost of Goods Sold for the current year of? $340,000. During the same? period, the Inventory account decreased? $15,000 and the Accounts Payable account increased? $24,000. The amount of cash paid to suppliers for inventory? is:A.?$355,000.B.?$301,000.C.?$325,000.D.?$316,000.2.On a statement of cash flows prepared with the indirect? method, investing activities do NOT? include:A.collection of note receivable.B.sale of investments that are not cash equivalents.C.lending money to an employee.D.receipt of interest on investments.3.In 2016, MillCorporation borrowed $60,000?, paid dividends of $24,000?, issued 5,000shares of stock for $20 per? share, purchased land for $25,000?, and received dividends of $6,000. Net income was $150,000?,and depreciation for the year totaled $8,000. Accounts receivable increased by $6,000.How much should be reported as net cash provided by operating activities by the indirect? method?A.$275,000B.$158,000??C.$140,000D.$152,0004.Mary? Andrews, Inc. had the following? transactions:Cash proceeds on sale of land?$440,000Cash proceeds on sale of equipment?170,000Purchase of treasury stock with cash?46,000Purchase of equipment with cash?54,000Issuance of common stock for cash?70,000On a statement of cash flows prepared under the indirect? method, Net cash provided by investing activities? is:A.?$610,000.B.?$580,000.C.?$556,000.D.?$510,000.
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