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NO EXPLANATION NECESSARY, just the final answer for 4 MC questions, it would help me tremendously! (thumbs up) 151 In preparing a company's statement of
NO EXPLANATION NECESSARY, just the final answer for 4 MC questions, it would help me tremendously! (thumbs up)
151 In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable increased by Inventories increased by Cash dividends paid Depreciation expense $57,000 23,000 30,000 10,000 15,000 25,000 Net cash provided by operating activities was: Multiple Choice $35,000. $74,000. $49,000. O $135,000 0 $19,000 Using the information below, calculate gross profit for the period: 152 Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold for the period Sales Revenues for the period Operating Expenses for the period 25,500 30,500 56,000 65,000 81,000 68,000 545,000 1,264,000 237,000 Multiple Choice O $732,000. 0 $719,000 O $482,000 O $156,000. 0 $1,027,000. Calculate the cost of goods sold using the following information: 153 Direct materials used Direct labor used Factory overhead costs General and administrative expenses Selling expenses Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 $300, 300 133,800 265,800 87,300 50,600 120,300 127,700 233,900 240, 500 1 Multiple Choice 0 $692,500 0 $779,800. 0 $699,900. 0 $685,900. 0 $707,300. Use the following information to calculate the cost of goods sold for the period: 154 Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured $ 30,500 29,000 137,800 Multiple Choice S168,300. S136,300. $137,800. S197,300. S139300Step by Step Solution
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