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Part II: Open Ended Accounting Problems Instructions. Determine a final numerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission

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Part II: Open Ended Accounting Problems Instructions. Determine a final numerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on iCollege. For dollar answers (unless otherwise specifically instructed), round (If necessary) to 2 decimal places, but do NOT include a dollar sign or any commas on iCollege. For example, record $24,302.84962 as 24303.85. For percent answers (unless otherwise specifically instructed), round (if necessary) to 1 decimal place, but do NOT include a percent sign on iCollege. For example, record 0.154863 =15.4863% as 15.5. 26. Assume that the following current asset and current liability accounts apply to the James Company for the years 2020 and 2021 (note: the m in the table is a figure that you must determine). These are the only current asset and current liability accounts listed on the company's balance sheet. In 2021, James Company had net cash flow from operating activities of $400. If James Company reported net income in 2020 of $1600, net income in 2021 of $1300, depreciation expense in 2020 of $100, depreciation expense in 2021 of $200, paid a common stock dividend in 2020 of $100, and paid a common stock dividend in 2021 of $300, what is m in the table above? For this question, record yow arswer as whole dollar amount (i.e., no centsy. Part II: Open Ended Accounting Problems Instructions. Determine a final numerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on iCollege. For dollar answers (unless otherwise specifically instructed), round (If necessary) to 2 decimal places, but do NOT include a dollar sign or any commas on iCollege. For example, record $24,302.84962 as 24303.85. For percent answers (unless otherwise specifically instructed), round (if necessary) to 1 decimal place, but do NOT include a percent sign on iCollege. For example, record 0.154863 =15.4863% as 15.5. 26. Assume that the following current asset and current liability accounts apply to the James Company for the years 2020 and 2021 (note: the m in the table is a figure that you must determine). These are the only current asset and current liability accounts listed on the company's balance sheet. In 2021, James Company had net cash flow from operating activities of $400. If James Company reported net income in 2020 of $1600, net income in 2021 of $1300, depreciation expense in 2020 of $100, depreciation expense in 2021 of $200, paid a common stock dividend in 2020 of $100, and paid a common stock dividend in 2021 of $300, what is m in the table above? For this question, record yow arswer as whole dollar amount (i.e., no centsy

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