Question
1. Wildhorse Co. reports a $22000 increase in inventory and a $5400 decrease in accounts payable during the year. Cost of Goods Sold for the
1. Wildhorse Co. reports a $22000 increase in inventory and a $5400 decrease in accounts payable during the year. Cost of Goods Sold for the year was $304600. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were
2.The cost of goods sold during the year was $448400. Inventory increased by $14000 during the year and accounts payable decreased by $22400 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for inventory total
3.Skysong, Inc.'s net income for the current year was $394000. Depreciation was $51000. Accounts receivable and inventories decreased by $16000 and $26000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $13000. Equipment was sold at a gain of $7400. How much cash was provided by operating activities?
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