Homework Answers
10.
| Cash Provided by Operating Activities | |
| Depreciation expense | 8,000 |
| Accounts receivable decrease | 3,000 |
| Prepaid expense decrease | 2,000 |
| Accounts payable increase | 2,000 |
| Net Cash Provided by Operating Activities | $15,000 |
Correct option is a.
11.
| Cash Provided by Financing Activities | |
| Repayment of long term note payable | (44,000) |
| Issue of common stock | 12,000 |
| Net Cash Used in Financing Activities | ($32,000) |
Correct option is c.
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