Question
2a. If Cost of Goods sold is $145,000 and the beginning and ending Inventory balances are $18,000 and $13,000, respectively, inventory purchases for cash equal:
2a. If Cost of Goods sold is $145,000 and the beginning and ending Inventory balances are $18,000 and $13,000, respectively, inventory purchases for cash equal:
2b. Harlow Industries reported net income of $25,000 for the current year. During the year, Inventory decreased by $7,900, Accounts Payable decreased by $8,450, Depreciation Expense was $10,900, and Accounts Receivable increased by $7,400. If the indirect method is used, what is the net cash provided by operating activities?
2c. Patterson Co.s Depreciation Expense is $20,600 and the beginning and ending accumulated depreciation balances are $150,300 and $155,300, respectively. What is the cash paid for depreciation?
2d. The net cash flow provided by operating activities is an inflow of $52,042, the net cash flow used in investing activities is $24,331, and the net cash flow used in financing activities is $29,397. If the beginning cash account balance is $12,783, what is the ending cash account balance?
2e. Company X paid Company Y $1.55 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $351,500, Accounts Receivable increased by $321,500, Inventory increased by $276,000, Property, Plant, and Equipment increased by $753,100, and Bonds Payable increased by $1 million. The net cash flow provided by financing activities is:
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