The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends

The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock. What is the cash flow to stockholders?    A.  -$75,000 B.  -$26,360 C.  -$2,040 D.  $123,640 E.  $147,960 Cash flow to stockholders = .40($121,600) - $75,000 = -$26,360

65.

The Lakeside Inn had operating cash flow of $48,450. Depreciation was $6,700 and interest paid was $2,480. A net total of $2,620 was paid on long-term debt. The firm spent $24,000 on fixed assets and decreased net working capital by $1,330. What is the amount of the cash flow to stockholders?    A.  $5,100 B.  $7,830 C.  $18,020 D.  $19,998 E.  $20,680 Cash flow from assets = $48,450 - (-$1,330) - $24,000 = $25,780 Cash flow to creditors = $2,480 - (-$2,620) = $5,100 Cash flow to stockholders = $25,780 - $5,100 = $20,680

66.	What is the change in the net working capital from 2010 to 2011?    A.  -$1,194 B.  $1,306 C.  $1,887 D.  $4,780 E.  $5,172 Change in net working capital = ($4,771 - $1,532) - ($6,127 - $4,194) = $1,306

67.	What is the amount of the noncash expenses for 2011?    A.  $740 B.  $1,282 C.  $1,333 D.  $1,611 E.  $2,351 The noncash expense is the depreciation in the amount of $1,611.