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I need help fast please QUESTION 20 The Company's actual/forecasted balance sheet included the following amounts: Cash Notes Receivable Notes Payable Long-term Debt Year 0
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QUESTION 20 The Company's actual/forecasted balance sheet included the following amounts: Cash Notes Receivable Notes Payable Long-term Debt Year 0 I$ 72,000 158,000 39,000 341,000 Year +1 $84,000 166,000 48,000 352,000 The Company pays an average interest rate of 5% on its interest-bearing liabilities (similar to the approach in the forecasting project). Forecast Interest Expense for Year + a. $19,500 b. $17,325 c. $2,175 **UN 21 A company reported an increase accounts payable and a decrease inventory during 2016. Which of the following statements is correct (treat wins matute values, ie as positive numbers)? a. Cash paid to suppliers equals cost of goods sold both the increase in accounts payable and the decrease in inventory. b. Cash paid to suppliers equals cost of goods sold menus both the increase in accounts payable and the decrease in inventory. c. Cash paid to suppliers equals cost of goods sold menus the increase in accounts payable, plus the decrease in inventory d. Cash paid to suppliers equals cost of goods sold plus the increase in accounts payable, minus the decrease in inventory. QUESTION 24 When preparing the statement of cash flows using the indirect method (U.S. GAAP), the current portion of long-term debt would appear a. in the financing activities section b. in the investing activities section C. in the operating activities section d. None of the above
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