Answer Happy

Posted: **Sun Jun 05, 2022 9:22 pm**

: Financial Information For The Firm Is As F Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Dep 1 (26.12 KiB) Viewed 54 times

a)

: Financial Information For The Firm Is As F Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Dep 2 (23.54 KiB) Viewed 54 times

b)

: Financial Information For The Firm Is As F Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Dep 3 (24.38 KiB) Viewed 54 times

c)

: Financial Information For The Firm Is As F Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Dep 4 (31.35 KiB) Viewed 54 times

Financial Information for the firm is as f Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Accounts payable Salaries payable Sales taxes payable Long-term debt Capital stock Retained Earnings Additionally, mis as follows: Net income was $28,000 for the year. No equipment was sold. Cash was used for equipment purchases. There were no new borrowings. Dividends were paid Use this information for the next 3 questions Dec. 31. Dec. 31, Change 2020 2021 22.000 35.000 13,000 43.000 48,000 5,000 89,000 85,000 (4,000) 4,000 6,000 2,000 385,000 416,500 31,500 175.000 205.000 30.000 51,000 42,000 (9,000) 6,500 4,500 (2.000) 5,500 6,000 500 250,000 250.000 - 25,000 25,000 30,000 56.000 26,000
What is cash provided by (used in) operations? O $44,500 O $14,000 O $16,000 O $44,000 O $14,500
What is the amount of dividends that were paid? O $4,000 O $2,000 O $8,000 O $6,000 O $9,000
What effect does the purchase of PPE have on the cash flows from investing activities? O $31,500 cash out-flow and $30,000 cash in-flow O $30,000 cash in-flow O $31,500 cash in-flow O $30,000 non-cash item O $31,500 cash out-flow