15 Meyer Company reported net income of $60,000 for the year. During the year, $14,000, accounts payable decreased by $6,000 and depreciation expense of: provided by operating activities for the year is: Out of Select one: a $50,000 V Follow the rules. To net income have to add back depreciat in accounts receivable (bad for cash flow) and deduct decrease in account b. $90,000 c. $58,000 d. $60,000 e. None of the above The correct answer is: $50,000 stion 16 Flynn Company reported a net loss of $20,000 for the year. During the year, ac $10,000; merchandise inventory increased $16.000; accounts payable increas expense of $10,000 was recorded. During the year, the amount of cash from a 00 out of Select one: a. Negative net cash of $4,000 b. Negative net cash of $16,000 c. Positive net cash of $4,000 To loss of 20,000, add back decrease in increase in merchandise inventory, add back increase in accounts payable expense. d. Positive net cash of $16,000 e. None of the above The correct answer is: Positive net cash of $4.000 Suestion 17 Which one of the following is not a tool in financial statement analysis? 4,00 out of Select one: a Horizontal analysis b. Circular analysis Horizontal, vertical analysis and ratio analysis are financial statements. Please refer book. c Vertical analysis d. Ratio analysis e. Cant say, depends on the company and the industry, The correct answer is: Circular analysis Desktop 15 Meyer Company reported net income of $60,000 for the year. During the year, $14,000, accounts payable decreased by $6,000 and depreciation expense of: provided by operating activities for the year is: Out of Select one: a $50,000 V Follow the rules. To net income have to add back depreciat in accounts receivable (bad for cash flow) and deduct decrease in account b. $90,000 c. $58,000 d. $60,000 e. None of the above The correct answer is: $50,000 stion 16 Flynn Company reported a net loss of $20,000 for the year. During the year, ac $10,000; merchandise inventory increased $16.000; accounts payable increas expense of $10,000 was recorded. During the year, the amount of cash from a 00 out of Select one: a. Negative net cash of $4,000 b. Negative net cash of $16,000 c. Positive net cash of $4,000 To loss of 20,000, add back decrease in increase in merchandise inventory, add back increase in accounts payable expense. d. Positive net cash of $16,000 e. None of the above The correct answer is: Positive net cash of $4.000 Suestion 17 Which one of the following is not a tool in financial statement analysis? 4,00 out of Select one: a Horizontal analysis b. Circular analysis Horizontal, vertical analysis and ratio analysis are financial statements. Please refer book. c Vertical analysis d. Ratio analysis e. Cant say, depends on the company and the industry, The correct answer is: Circular analysis Desktop