Question

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1) What is Garbanzo’s cash flow from operating activities?   

a) $ 369,000  b)$ 397,000 c) $ 416,500 d) $ 503,000 e) $ 429,000  

2) What is Garbanzo’s cash flow from investing activities?

a)  ($ 71,000)   b) ($ 86,000)   c) ($ 141,000)   d) ($ 157,000)   e) ($ 139,000)

3) If Garbanzo’s cash flow statement was completed using the direct method, what is the sum of all of the cash outflows?

a) ($ 1,085,500)   b) ($ 1,114,100)   c)  ($ 1,013,000)   d)  ($ 1,037,400)

e)  ($ 1,066,000)

4)If Garbanzo’s cash flow statement was completed using the indirect method, what is the sum of the “adjustments for non-cash items” section?

a) ($ 13,000)   b) $ 212,000   c) $ 92,000   d) $ 148,000   e) $ 262,000

5)What is Garbanzo’s cash flow statement from financing activities?

a) $91360     b) ($195000)      c) ($141000)   d) $ 115720

(Note: positive numbers represent cash inflows where negative numbers represent cash outflows)