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multiple part question Shingle Industries has provided the following information for its most recent year of operation: How much was Shingle's cash flow from operating
multiple part question Shingle Industries has provided the following information for its most recent year of operation: How much was Shingle's cash flow from operating activities? Multiple Choice $92,900 $77.400 $98,700 $85.800 Fowler Company has the following information available: Which of the following statements is correct for Fowler Company for the effect of the LIFO Reserve in 2022 in converting LIFO amounts to FIFO amounts? Multiple Choice Pretax income would have been higher by $24,000 under FIFO Cost of goods sold would have been higher by $4.800 under FIFO. Cost of goods sold would have been higher by $28,800 under Fifo. Pretax income would have been higher by $4,800 under FIFO. Las Colinas Company purchased equipment by paying $53,600 cash on the purchase date and agreeing to pay $53,600 every six months during the next four years. The first payment is due six months after the purchase date. The company's incremental borrowing rate is 8%. The liability reported on the balance sheet as of the purchase date, after the initial $53,600 payment was made, is closest to: (FV of \$1. PV of \$1. FVA of \$1, and PVA of \$1) Note: Use the appropriate factor(s) from the tables provided. Multiple Choice $482,400. $428,800 $360,870 $414,470 On January 1,2022 , Frame Industries purchased a delivery vehicle costing $16,250. The vehicle has an estimated 8 -year life and a $1,700 residual value Frame uses the units-of-production depreciation method and Frame estimates that the vehicle will be driven 97,000 milles, What is the vehicle's book value as of December 31, 2023, assuming the vehicle was driven 11,300 miles duting 2022 and driven 19,300 miles during 2023 ? Note: Do not round your intermediate calculations. Mulriple Choice 511,313. $9,960. \$13.013. 511,660
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