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I need help solving these practice questions The following T-account is a summary of the Cash account of Cuellar Company. What amount of net cash
I need help solving these practice questions The following T-account is a summary of the Cash account of Cuellar Company. What amount of net cash provided (used) by financing activities should he reported in the statement of cash flows? Telfer, Inc. reported net income of $2.8 million in 2014. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash provided by operating activities using the indirect method. The net income for Metz Co. for 2014 was $280,000. For 2014, depreciation on plant assets was $70,000, and the company incurred a loss on disposal of plant assets of $12,000. Compute net cash provided by operating activities under the indirect method. The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $80,000, prepaid expenses increase $28,000. and inventories increase $30,000. Compute net cash provided by operating activities using the indirect method assuming that net income is $300,000. 16. During 2014, Doubleday Company converted $1700,000 of its total $2,000,000 of bonds payable into common stock. Indicate how the transaction would be reported on a statement of cash flows, if at all
I need help solving these practice questions
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