Question
1) During 2015, Anthony Company earned net income of $464,000 which included depreciation expense of $80,000. In addition, the company experienced the following changes in
1) During 2015, Anthony Company earned net income of $464,000 which included depreciation expense of $80,000. In addition, the company experienced the following changes in the account balances listed below: Increases Decreases Accounts payable$45,000 Accounts receivable$12,000 Inventory 36,000 Accrued liabilities 24,000 Prepaid insurance 33,000 Based upon this information what amount will be shown for net cash provided by operating activities for 2015?
$367,000 | ||
$397,000 | ||
$570,000 | ||
$574,000 | ||
$547,000 |
2)
Meribeth Corporation had net income for 2018 of $2,600,000. Additional information is as follows: Depreciation of plant assets $1,200,000 Amortization of intangibles 240,000 Increase in accounts receivable 420,000 Increase in accounts payable 540,000 Meribeth 's net cash provided by operating activities for 2018 was
$3,820,000. | ||
$2,180,000. | ||
$4,060,000 | ||
$4,160,000. | ||
$3,940,000. |
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