Question
1. If a company's Cost of goods sold is $160,400 for the period, beginning and ending Inventory balances are $19,200 and $14,200, respectively, and the
1. If a company's Cost of goods sold is $160,400 for the period, beginning and ending Inventory balances are $19,200 and $14,200, respectively, and the beginning and ending Accounts Payable balances are $25,000 and $8,700, respectively, what is the amount of the cash paid to suppliers?
2.Depreciation expense is $20,400 and the beginning and ending accumulated depreciation balances are $150,200 and $155,200, respectively. What is the cash paid for depreciation?
3.Chino Company reported net income of $27,000 for the current year. During the year, Inventory decreased by $8,300, Accounts Payable decreased by $8,650, Depreciation Expense was $11,300, and Accounts Receivable increased by $7,800. If the indirect method is used, what is the net cash provided by operating activities?
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