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Please Answer both questions The financial statements of New World, Incorporated, provide the following information for the current year: 32 December 31 $ 281,000 $
Please Answer both questions
The financial statements of New World, Incorporated, provide the following information for the current year: 32 December 31 $ 281,000 $ 272,500 $ 70,400 $ 249,300 $ 66,150 $ 3,137,500 $ 1,651,500 $ 375,500 Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $57,000) January 1 $ 321,500 $ 260,000 $ 67,000 $ 237,550 $ 76,450 eBook What is New World's net cash flow from operating activities for the current year? Multiple Choice O $1.522.350 O $1,193,550 $1,250,550 O $1,525,750 O Rent expense in Marin Company's Year 2 income statement is $190,000. If Prepaid Rent was $68,000 at December 31, Year 1, and is $110,000 at December 31, Year 2, the cash paid for rent during Year 2 is: 33 Multiple Choice eBook $232,000. $190,000 $148,000. O O $258,000Step by Step Solution
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