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NO EXPLANATION NECESSARY, just the final answer for 4 MC questions, it would help me tremendously! (thumbs up) 191 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)
191 In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable increased by Accounts receivable decreased by Inventories decreased by Cash dividends paid Depreciation expense $61,000 27,000 43,000 14,000 23,000 38,000 Net cash provided by operating activities was: Multiple Choice 0 $42,000. 0 $183,000. 0 $155,000. 0 $88,000 0 $89,000 192 Alfredo Inc. reports net income of $232,000 for the year ended December 31. It also reports $88,600 depreciation expense and a $5,100 gain on the sale of equipment. Its comparative balance sheet reveals a $35,900 decrease in accounts receivable, a $15,950 increase in accounts payable, and a $12,650 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method. Multiple Choice S380,000. $354 700. $322,800. S265,700. S359,800. 193 Based on a predicted level of production and sales of 24,000 units, a company anticipates total variable costs of $91,200, fixed costs of $38,400, and operating income of $34,160. Based on this information, the budgeted amount of variable costs for 22,000 units would be: Multiple Choice O $91,200. 0 $72,560 0 $122.208 0 $38,400. $83,600. 194 A company has an investment in 7% bonds with a par value of $150,000 that pays interest on October 1 and April 1. The amount of interest accrued on December 31 (the company's year-end) would be: Multiple Choice O $875. $1,750. $10,500 $2,625. 0 $5,250. $5,250
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