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I need fast help in these questions. I have only 20 minutes. Please do them fast and 100% correct. Please do not make mistake, dont
I need fast help in these questions. I have only 20 minutes. Please do them fast and 100% correct. Please do not make mistake, dont show any explanation please, just post the final correct answer.
Question 35 4.17 points Zinc Company's net income last year was $60,000, and cash dividends declared and paid to the stockholders were $20.900. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases Debit balances: Accounts receivable S (5,000) (4,000 Inventory Prepaid expenses 8,000 Credit balances: Accumulated depreciation Accounts payable Accrued liabilities Taxes payable 15.000 (6,000 14,000 8.000 15.000 Credit balances: Accumulated depreciation Accounts payable Accrued liabilities Taxes payable Bonds payable (6,000) 14.000 8.000 50,000 Based solely on this information, net cash flow from operating activities under the indirect method on the statement of cash flows would be: O $54,000. $87,000 $92,000 $21,000 4.17 points $100,000 Question 36 The following transactions were made by Ruby Inc. last year: Issuance of common stock Dividends paid to the company's stockholders 2,000 Depreciation expense Repayment of principal on bonds Proceeds from sale of the company's used equipment 39,000 230,000 Purchase of land Based solely on the above information, net cash flow from financing activities for the year on the statement of cash flows would be: O (5150,000) 6,000 40,000 $29,000 (567,000). 558,000Step by Step Solution
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