MC Qu. 129 A companys income statement... A company's income statement showed the following: net...
60.1K
Verified Solution
Link Copied!
Question
Accounting
MC Qu. 129 A companys income statement...
A company's income statement showed the following: net income, $148,000 and depreciation expense, $37,200. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,800; merchandise inventory increased $22,800; and accounts payable increased $5,800. Calculate the net cash provided or used by operating activities.
Multiple Choice
$144,800.
$180,000.
$142,000.
$214,000.
$190,400.
MC Qu. 170 Fernwood Company is...
Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
| Retained earnings balance at the beginning of the year | $ | 313,000 | |
| Cash dividends declared for the year | 70,000 | ||
| Proceeds from the sale of equipment | 120,200 | ||
| Gain on the sale of equipment | 6,900 | ||
| Cash dividends payable at the beginning of the year | 30,800 | ||
| Cash dividends payable at the end of the year | 38,000 | ||
| Net income for the year | 154,000 | ||
The amount of cash paid for dividends was:
Multiple Choice:
$70,000.
$62,800.
$84,000.
$85,200.
$68,800.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.