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finance quiz 3 | Download for quality grades |

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In its most recent financial statements, Westhouse Corp. reported $48 million of net income and $368 million of retained earnings. The previous retained earnings were $405 million. How much dividend ... s were paid to shareholders during the year? Selected Answer: d. $85 million Answers: a. $37 million b. $11 million c. $50 million d. $85 million e. $0  Question 2 1 out of 1 points Which of the following actions are most likely to directly increase cash as shown on a firm’s balance sheet? Selected Answer: c. It issues $3 million of new common stock. Answers: a. It reports a large loss for the year. (Assume the loss is not due to a large depreciation expense.) b. It increases the dividends paid on its common stock. c. It issues $3 million of new common stock. Private Content d. It buys new plant and equipment at a cost of $1 million.  Question 3 1 out of 1 points Fiala's Fish Farm had $70,000 in cash at year-end 2012 and $40,000 in cash at year-end 2013. Cash flow from long-term operating activities totaled $–330,000, and cash flow from investing activities totaled $160,000. What was the cash flow from financing activities? [Show More]

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