As consultants in advisory services at an accounting firm, we are hired by management of Gadberry to advise on cash flow reporting. Management is concerned about the relatively small net increase in cash, and how the company is doing compared to competitors Nessly and Tootsey. The following Tableau Dashboard will assist in our analysis. Cash Flows for Competing Companies Cash Outflows Cash Inflows $50,000 $40,000 $30,000 $20,000 $10,000 $0 $(10,000) $(20,000) $(30,000) $(40,000) Gadberry Nessly Tootsey Operating Activities Investing Activities Financing Activities $(50,000) Gadberry Net Income (Loss) for Competing Companies Nessly Tootsey $(40,000) $(30,000) $(20,000) $(10,000) $0 $10,000 $20,000 $30,000 $40,000 Net Loss Net Income ++ableau 1. Management of Gadberry wants an explanation as to why financing activities created such a large cash outflow. Which of the following is a reasonable explanation for an outflow? 2. Management of Gadberry wants to know how it might be able to generate positive cash inflows from investing activities next year. Which of the following actions would help achieve this goal? 3. Management of Gadberry is wondering how net cash provided by operating activities reported on the statement of cash flows is different than reported net income. Which of the following would explain the amount of difference for Gadberry? 4. Which of the following would explain the amount of net cash used in investing activities reported on Gadberry's statement of cash flows? 5. Which of the following would explain the amount of net cash used in financing activities reported on Gadberry's statement of cash flows? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Management of Gadberry wants an explanation as to why financing activities created such a large cash outflow. Which of the following is a reasonable explanation for an outflow? (Select all that apply.) Paid dividends to shareholders. Issued more common stock. Issued long-term debt. Purchased treasury stock. Issued preferred stock. ++ableau D 1. Management of Gadberry wants an explanation as to why financing activities created such a large cash outflow. Which of the following is a reasonable explanation for an outflow? 2. Management of Gadberry wants to know how it might be able to generate positive cash inflows from investing activities next year. Which of the following actions would help achieve this goal? 3. Management of Gadberry is wondering how net cash provided by operating activities reported on the statement of cash flows is different than reported net income. Which of the following would explain the amount of difference for Gadberry? 4. Which of the following would explain the amount of net cash used in investing activities reported on Gadberry's statement of cash flows? 5. Which of the following would explain the amount of net cash used in financing activities reported on Gadberry's statement of cash flows? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Management of Gadberry wants to know how it might be able to generate positive cash inflows from investing activities next year. Which of the following actions would help achieve this goal? (Select all that apply.) 000000 Selling an intangible asset. Acquiring a new truck. Selling the company's old factory. Purchasing a patent. Selling a short-term stock investment. Loaning money to another business in return for a note receivable. +ableau 1. Management of Gadberry wants an explanation as to why financing activities created such a large cash outflow. Which of the following is a reasonable explanation for an outflow? 2. Management of Gadberry wants to know how it might be able to generate positive cash inflows from investing activities next year. Which of the following actions would help achieve this goal? 3. Management of Gadberry is wondering how net cash provided by operating activities reported on the statement of cash flows is different than reported net income. Which of the following would explain the amount of difference for Gadberry? 4. Which of the following would explain the amount of net cash used in investing activities reported on Gadberry's statement of cash flows? 5. Which of the following would explain the amount of net cash used in financing activities reported on Gadberry's statement of cash flows? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 3. Management of Gadberry is wondering how net cash provided by operating activities reported on the statement of cash flows is different than reported net income. Which of the following would explain the amount of difference for Gadberry? 4. Which of the following would explain the amount of net cash used in investing activities reported on Gadberry's statement of cash flows? 5. Which of the following would explain the amount of net cash used in financing activities reported on Gadberry's statement of cash flows? 5. Which of the following would explain the difference between Gadberry's net income and cash provided by operating activities? Which of the following would explain the amount of net cash used in investing activities reported on Gadberry's statement of cash flows? Which of the following would explain the amount of net cash used in financing activities reported on Gadberry's statement of cash flows? Show less