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Kentucky Company uses the Indirect method to prepare the statement of cash flows. Refer to the following income statement Kentucky Company Income Statement Mear Ended
Kentucky Company uses the Indirect method to prepare the statement of cash flows. Refer to the following income statement Kentucky Company Income Statement Mear Ended December 31 2025 Sales Revenue $248.000 Interest Revenue 2.700 Gain on Sale of Plant Assets 6.000 Total Revenues and Gains $256,700 Cost of Goods Sold 120.000 Salary Expense 41.000 Depreciation Expense 12.000 Other Operating Expenses 25.000 Interest Expense 1.900 Income Tax Expense 5.100 Total Expenses 205,000 Net Income (Loss) $51.700 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $22,000 2. Current liabilities decreased by $1,200. Compute the net cash provided by (used for) operating activities. A. $34,500 B. $40,500 O O O C. $28.500 OD. $13,200 On July 1, 2024. Mason & Beech Services issued $47,000 of 10% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2024, what is the total amount paid to bondholders? O A. S1.567 B. $4.700 O C. $1,175 OD. $2,350 $ The financial statements for Silver Service Company include the following items Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable 2025 $45,500 26.000 57 000 131 000 525 000 128,500 19,000 58.000 2024 $46,000 15 500 56,000 48.000 545.000 131 000 17,000 59.000 Compute the acid - test ratio for 2024. (Round your answer to two decimal places) Talo O A. 0.87 B. 0.79 OC. 0.69 OD. 0.9
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