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Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Income 0 0 Cash Ca
The statement of cash flows is Multiple Choice Ο Another name for the statement of financial position Ο A financial statement
Preparation of the statement of cash flows does not involve: w Multiple Choice I ) Computing and reporting net cash provided
Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of
Οι Stormer Company reports the following amounts on its statement of cash flow. Net cash provided by operating activities was
A machine with a cost of $133,000 and accumulated depreciation of $88,000 is sold for $51.500 cash. The amount that should be
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Answer #1

1. Option C

2. Option E

3. Option E

4. Cash flow from operation is 478500

(Note : Amount of account payable is considered as 6800 due to blur in case of any other figure answer will change accordingly)  

Net Income 425000
Add Depreciation 97500
Less Gain on sale of Machinery -20000
Net cash earning from op 502500
less Increase in Acct receivable -45600
Add Decrease in prepaid exp 18000
Add Increase in Acct payable 6,800
Less Wages payable decrease -3200
Cash flow from operations 478500

5. Option D

6. Option E

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