Answered step by step
Verified Expert Solution
Question
1 Approved Answer
do all Accounts payable decrease.... $ 3,000 Accounts receivable increase. 10,000 Wages payable decrease... 9.000 Amortization expense.... 19,000 Cash balance, January 1. 31,000 Cash balance
do all
Accounts payable decrease.... $ 3,000 Accounts receivable increase. 10,000 Wages payable decrease... 9.000 Amortization expense.... 19,000 Cash balance, January 1. 31,000 Cash balance December 31, 2,000 Cash paid as dividends. 6,000 Cash paid to purchase land. 110,000 Cash paid to retire bonds payable at par. 65,000 Cash received from issuance of common stock. 45,000 Cash received from sale of equipment... 13,000 Depreciation expense. 39,000 Gain on sale of equipment.... 16,000 Inventory increase. 11,000 Net income.... 94,000 Prepaid expenses increase. 9,000 The cash flow from operating activities was $94,000 used in operating activities. $29,000 provided by operating activities. $0 $94,000 provided by operating activities. $26,000 used in operating activities. D Question 56 1 pts Refer to question 55 The cash flow from investing activities was $0 $94,000 used in investing activities. $97,000 used in investing activities. $13,000 provided by investing activities $110,000 used in investing activities. Question 57 1 pts Refer to question 55 The cash flow from financing activities was $45,000 provided by financing activities. $29,000 used in financing activites. $26,000 used in financing activities. $26,000 provided by financing activities. $65,000 used in financing activities. Question 58 1 pts Refer to question 55 The net change in cash for the year was $97,000 increase $29,000 decrease. $94,000 decrease $29,000 increase. $94,000 increaseStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started