1. Nash's Trading Post, LLC reported a net loss of $11100 for the year ended December...

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Accounting

1. Nash's Trading Post, LLC reported a net loss of $11100 forthe year ended December 31, 2022. During the year, accountsreceivable decreased $5550, inventory increased $8880, accountspayable increased by $11100, and depreciation expense of $6660 wasrecorded. During 2022, operating activities
a. provided net cash of $7770.
b. used net cash of $7770.
c. provided net cash of $3330.
d. used net cash of $3330.
2. If $912000 of bonds are issued during the year but $1900000of old bonds are retired during the year, the statement of cashflows will show a(n)
a. increase in cash of $912000 and a decrease in cash of$1900000.
b. net increase in cash of $988000.
c. net loss on retirement of bonds of $988000.
d. net decrease in cash of $912000.
3. All of the following statements about free cash flow arefalse except
a. free cash flow is most commonly calculated by subtractingcapital expenditures from cash provided by operations and thenadding cash dividends.
b. free cash flow is not reported on the statement of cashflows.
c. significant free cash flow indicates less potential to payadditional dividends.
d. significant free cash flow indicates less potential tofinance new investments.

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4.2 Ratings (901 Votes)

Answer1 During 2022 operating activities provided net cash of 3330 Explanation NASHS TRADING POSTLLC STATEMENT OF CASH FLOWS USING INDIRECT METHOD FOR THE YEAR ENDED 31 DECEMBER 2022 See Answer

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