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Ohio, Inc, uses the indirect method to prepare the statement of cash flows. Refer to the following income statement Ohio, Inc Income Statement Year Ended
Ohio, Inc, uses the indirect method to prepare the statement of cash flows. Refer to the following income statement Ohio, Inc Income Statement Year Ended December 31, 2024 Revenues and Gains. Sales Revenue $153,000 Interest Revenue 6.900 Total Revenues and Gains $159,900 Expenses and Losses. Cost of Goods Sold $150.000 Salary Expense 18 000 Depreciation Expense 7 400 Other Operating Expenses 13 000 Interest Expense 16400 Loss on Sale of Plant Assets 5,500 Income Tax Expense 5,600 Total Expenses and Losses 215.900 Net Income (Loss) $(56.000) Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,400 Current liabilities increased by $2,100 Compute the net cash provided by (used for) operating activities AR O A. $(63,500) O B. $(35,600) O C. $10,900 OD. $41.100 Reunion Corporation provides the following information. Net Income Preferred Dividends Total Stockholders' Equity Stockholders' Equity attributable to Preferred Stock Number of Common Shares Outstanding March 31, 2024 $362,000 0 $4,290,000 March 31, 2025 $441,500 0 $5,112,000 0 289,464 0 198,168 Based on the information provided above, compute the earnings per share of Reunion Corporation as of March 31, 2025. (Round any intermediate calculations and your final answer to the nearest cent.) DEC O A. $1.81 O B. $2.23 O C. $1.25 D. $1.48 Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Connecticut, Inc. Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Increase/(Decrease) Cash $25,000 $24,000 $1,000 Accounts Receivable 31,000 35,000 (4,000) Merchandise Inventory 53,000 26,000 27,000 Plant and Equipment 125,000 95,000 30,000 Accumulated Depreciation - Plant and Equipment (44,000) (42,000) (2,000) O A. $ 163,000 O B. $21,000 OC. $(163.000 OD. $(21,000)
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