a. Net income is $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable increased by $1,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is

$47,000.

$33,000

$ 53,000

$37,000.

b. Accounts receivable amounted to $31,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $210,000. If there are no other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

$120,000.

$129,000.

$201,000.

$111,000.

c.

A building with a book value of $63,000 is sold for $54,000 cash Using the indirect method, this transaction should be shown on the statement of cash flows as follows:

Group of answer choices

an increase of $54,000 from investing activities

an increase of $63,000 from investing activities and a deduction from net income of $9,000

an increase of $54,000 from investing activities and an addition to net income of $9,000

an increase of $63,000 from investing activities and a deduction from net income of $9,000

d.

Cash dividends of $45,000 were declared during the year. Cash dividends payable were $5,000 at the beginning of the year and $15,000 at the end of the year. The amount of cash for the payment of dividends during the year is

Group of answer choices

$50,000

$40,000

$55,000

$35,000