isr re Benton, Inc. expects net cash flow from operating activities to be $90,000, and the company plans purchases of equipment of $87,000 and repurchases of stock of $17,000. What is Benton's free cash flow? O A. $(14,000) B. $90,000 O C. $3,000 OD. $87,000 The Watch Shop earned net income of $73,000 after deducting depreciation of $4,000 and all other expenses. Current assets decreased by $3,000, and current liabilities increased by $6,000. How much was The Watch Shop's cash provided by operating activities (indirect method)? O A. $86,000 OB. $66,000 OC. $60,000 OD. $80,000 Perez Biofuels Company is preparing its statement of cash flows using the indirect method. Refer to the following information: 1. Repayments on Long-term Notes Payable $61,000 2. New borrowing on Long-term Notes Payable $20,000 Which of the following statements is correct? O A. Net cash used for financing activities is $(41,000). OB. Net cash provided by investing activities is $41,000. C. Net cash used for investing activities is $(61,000). OD. Net cash provided by financing activities is $41,000. Certified Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2017: Net cash provided by operating activities: $107,000 Net cash used for investing activities: $(117,500) Net cash provided by financing activities: $20,000 If the cash balance at the beginning of the year was $13,100, what is the ending cash balance? O A. $9,500 OB. $10,500 OC. $22,600 OD. $13,100 Mountain Water Corp. issued common stock of $28,000 to pay off long-term notes payable of $28,000. In what section(s) would these transactions be recorded? O A. Non-cash investing and financing activities, $28,000 OB. Financing activities cash receipt, $28,000 O c. Financing activities payment of note, $(28,000) OD. Both a and b are correct