Harding Corporation reports the following information:…

  Harding Corporation reports the following information:   Net income                                                            $530,000 Depreciation expense                                              140,000 Increase in accounts receivable                                 60,000   Harding should report “Cash provided by operating activities” of:  

In 2019, Fun Company reports $5,000,000 of Net Income in the…

In 2019, Fun Company reports $5,000,000 of Net Income in the current year, after taking out 35% for taxes. They began the year with 2,000,000 shares of common stock.  On 4/1/2019 they issue an additional 1,200,000 shares and on 10/1/2019 they repurchase 400,000 shares.  Fun Company has 100,000 shares of $100 par, 5% cumulative preferred stock and while they pay no cash dividends in the current year they did pay a 20% stock dividend on 3/1/2019 to their common shareholders. What is the income available to common shareholders in 2019?  

CPA Exam Bonus Question #2 In preparing its cash flow statem…

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?