Question

Remaining Time: 1 hour, 36 minutes, 07 seconds. Question Completion Status: Aher going private, Dell decided to use the cash basis accounting to simplify things. The company received $100.000 in cash from customers during 2011. Del miso paid 320,000 for rent during 20x1. Considering this and using the following information, determine the amount of accrual basis revenue Del should recognize for 2011 111 12/31 Accounts receivable Uneared revenue Prepaid rent Rent Payable $10,000 6,000 2,000 3.000 $13,000 4,000 3,000 5,000 1. Determine the amount of cash-basis revenue Dell should recognize for 2011 2. Determine the amount of accrual basis revenue Dell should recognize for 2011 3. Determine cash-basis rent expense Del should recognize for 2011 4. Determine accrual-basis rent expense Dell should recognize for 2011 Express your answer as an integer without $ sign (Round all computations to the nearest dollar. For example, input 100.000 if your answer is $100,000.22). 2.5 points QUESTION 37 Free cash flow is calculated as net cash provided by operating activities less A capital expenditures. B. Dividends C.capital expenditures and dividends. D.capital expenditures and depreciation. Click Save and submit to save and submit. Click Save AM Answers to save all answers. Save All Answers Close Window Save MacBook Air

Answer 1

Question:1

1	Cash Basis Revenue	$        100,000	Revenue is equal to Cash Collection from customers
2	Accrual Basis Revenue [100000-10000+13000+6000-4000]	$        105,000	cash collected-opening accounts receivables+closing accounts receivables+opening unearned revenue-closing unearned revenue
3	Cash Basis Rent Expense	$           20,000	Cash paid is equal to rent expense
4	Accrual Basis Rent Expense [20000+2000-3000+5000-3000]	$           21,000	cash paid as rent+ opening prepaid rent-closing prepaid rent-opening rent payable+closing prepaid rent

Question:2

The Answer is A.Capital Expenditure

Explanation:

Formula: Free cash flow = Net cash provide by operating activities - Capital Expenditure.

So, In order to arrive at free cash flow, capital expenditure has to be deducted.

Remaining options are incorrect.