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D Question 21 4.75 pts The following table shows the account ending balances for accounts payable. Based on the change in the accounts payable balance,
D Question 21 4.75 pts The following table shows the account ending balances for accounts payable. Based on the change in the accounts payable balance, how would this change impact the current year cash flow? Year 2 - Prior Year Year 1 - Current Account Title Year Accounts Payable $12,000 $10,000 O $2,000 increase to operating cash flows O $2,000 decrease to financing cash flows O $2,000 decrease to operating cash flows $2,000 decrease to investing cash flows O $2,000 increase to financing cash flows O $2,000 increase to investing cash flows Question 24 4.75 pts The following table shows the account ending balances for accounts receivable. Based on the change in the accounts receivable balance, how would this change impact the current year cash flow? Account Title Year 1 - Current Year 2 - Prior Year Year Accounts Receivable $15,000 $10,000 $5,000 decrease to financing cash flows O $5,000 decrease to investing cash flows O $5,000 increase to investing cash flows O $5,000 decrease to operating cash flows O $5,000 increase to operating cash flows O $5,000 increase to financing cash flows > Question 25 4.75 pts On 7/1, the beginning balance in sales tax payable is a $50,000 credit. On 7/15, a $45,000 cash payment is made to the governing authority for the sales taxes collected, which results in which of the following: Assets increase and stockholders' equity decrease. Assets decrease and liabilities decrease. Assets decrease and expenses increase. O Assets increase and liabilities decrease. Assets decrease and stockholders' equity increase. Assets decrease and expenses decrease. Question 26 4.75 pts The re-issuance of treasury stock for cash would be reported on a statement of cash flows under the following section: Borrowing Investing o Operarting Leases O Financing Bonds
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