*I NEED THESE ANSWERED AS SOON AS POSSIBLE PLEASE! THANK YOU!!

1)Cash flow per share is

a)required to be reported on the balance sheet

b)required to be reported on the statement of cash flows

c)not required to be reported on any statement

d)required to be reported on the income statement

2)Selected data for the current year ended December 31 are as follows:

	Balance December 31	Balance January 1
Accrued expenses (operating expenses)	$29,500	$22,000
Accounts payable (merchandise creditors)	90,000	135,000
Inventories	42,500	68,000
Prepaid expenses	23,000	20,000

During the current year, the cost of merchandise sold was $620,000 and the operating expenses other than depreciation were $142,000. The direct method is used for presenting the cash flows from operating activities on the statement of cash flows.

Determine the amount reported on the statement of cash flows for the following:

Cash payments for merchandise:

Cash payments for operating expenses

3)The net income reported on the income statement for the current year was $283,283. Depreciation recorded on fixed assets and amortization of patents for the year were $31,297 and $8,443, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

	End	Beginning
Cash	$52,807	$44,691
Accounts receivable	120,667	106,969
Inventories	102,167	95,769
Prepaid expenses	3,726	8,565
Accounts payable (merchandise creditors)	47,111	66,972

What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

a) 302,927

b) 355,023

c) 275,561

d) 287,905

4) A company had net income of $264,505. Depreciation expense is $26,728. During the year, accounts receivable and inventory increased by $15,902 and $39,699, respectively. Prepaid expenses and accounts payable decreased by $3,720 and $6,907, respectively. There was also a loss on the sale of equipment of $6,281. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?

a)$297,514

b)$276,904

c)$238,726

d)$226,164

5) A company reports the following income statement and balance sheet information for the current year:

Net income	$142,110
Interest expense	12,358
Average total assets	2,116,000

Determine the rate earned on total assets. Round the percentage to one decimal place.

6)Companies may report comprehensive income on each of the statements below except

a)statement of cash flows

b)income statement

c)retained earnings statement

d)separate statement of comprehensive income