MC Qu. 134 In preparing a company's... In preparing a company's statement of cash flows...
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MC Qu. 134 In preparing a company's...
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
| Net income for the year was | $ | 54,000 |
| Accounts payable decreased by | 19,000 | |
| Accounts receivable increased by | 26,000 | |
| Inventories increased by | 6,000 | |
| Depreciation expense was | 32,000 | |
Net cash provided by operating activities was:
Multiple Choice
$54,000.
$73,000.
$85,000.
$35,000.
$61,000.
MC Qu. 138 A machine with a cost...
A machine with a cost of $164,000, current year depreciation expense of $25,500 and accumulated depreciation of $102,000 is sold for $53,600 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:
Multiple Choice
$79,100.
$25,500.
$5,360.
$33,900.
$15,900.
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