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Big Toy's records show net income of $30,000; depreciation expense of $10,000; and cash dividends paid of $5,000. The cash flow from operating activities on
Big Toy's records show net income of $30,000; depreciation expense of $10,000; and cash dividends paid of $5,000. The cash flow from operating activities on the cash flow statement using the indirect method is 1) $30,000 2) $5,000 3) $10,000 4) $40,000 - 5) None of the above Question 40 (1 point) Listen Which of the following is NOT a source of cash? 5 1) An increase in accounts payable 2) A decrease in accounts receivable 3) A decrease in notes payable 4) The sale of common shares 5) Collecting notes receivable The accuracy of the cash flow statement can be verified by computing the change in the balance of the 1) cash and cash equivalent accounts. O2) equity account 3) revenue accounts. 4) asset and liability accounts. 5) expense accounts. Question 38 (1 point) Listen If $10,000 was generated from operations (using the indirect method). $4,000 was used for investing activities, and $6,000 was generated from financing activities, the cash balance 1) increased by $12,000 2) decreased by $12,000 3) decreased by $4,000 4) increased by $6,000 5) increased by $10,000
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