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1. 2. 3. Alpha Company had the following account balances for 2018: Accounts receivable Accounts payable Dec. 31 $42,000 51,000 Jan. 1 $33,000 56,000 Alpha
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Alpha Company had the following account balances for 2018: Accounts receivable Accounts payable Dec. 31 $42,000 51,000 Jan. 1 $33,000 56,000 Alpha reported net income of $240,000 for 2018. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2018 reported in the statement of cash flows? Multiple Choice $244,000. $236,000. $254,000. O $226,000 Creble Company reported net income for 2018 in the amount of $49,000. The company's financial statements also included the following: Increase in accounts receivable Decrease in inventory Depreciation expense Gain on sale of equipment $4,100 2,400 3,900 4,600 In the statement of cash flows what is net cash provided by operating activities under the indirect method? Multiple Choice $38,800. $46,600. $64.000. $50,000. In preparing its cash flow statement for the year ended December 31, 2018, Red Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $210,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock $ 12,800 21,000 358,000 4,400 94,000 78,000 153,000 In its December 31, 2018, statement of cash flows, what amount should Red report as net cash outflows from investing activities? Multiple Choice $337,000 $324,200. Loooo $189,000. $379,000Step by Step Solution
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