Question
During the year, Frieda Company sold goods costing $33,000. During the year, Frieda's inventory increased by $6,000, while, its accounts payable decreased by $2,000. Determine
During the year, Frieda Company sold goods costing $33,000. During the year, Frieda's inventory increased by $6,000, while, its accounts payable decreased by $2,000. Determine the amount of cash Frieda paid for purchases during the year.
O $25,000
O $37,000
O $41,000
O $29,000
O $33,000
Bulmer Company generated revenues of $1,000,000 and incurred expenses of $850,000 in the year
2016. Depreciation expense for the year was $40,000. During the year, accounts payable went up by $6,000, taxes payable fell by $4,000, accounts receivable fell by $11,000, and inventory went up by $5,000. Determine the cash flows from operating activities.
O $104,000
O $208,000
O$128.000
O $206.000
O $198.000
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