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please help me to solve these questions: Use the following information Junior Co. showed the following balance sheets for 12/31 20 20 and 201 9

please help me to solve these questions:

Use the following information

Junior Co. showed the following balance sheets for 12/31 2020and 2019

2020 2019

Assets

Cash $330,000 $305,000

A/R 500,000 390,000

Inventory 350,000 175,000

Equipment 190,000 150,000

A/D, Equip (40,000) (20,000)

TOTAL $1,330,000 $1,000,000

Liabilities & Equity

A/P 200,000 180,000

Salary Payable 40,000 30,000

Bonds Payable 400,000 300,000

Common Stock 500,000 400,000

Retained Earnings 190,000 90,000

TOTAL $1,330,000 $1,000,000

Juniors net income was $150,000 and dividends of $50,000 were paid. The only change to the Accum. Depr. account wasfor the 2020 depreciation expense, there were no non-cash investing or financing transactions, and cash was paid for all long term asset purchases.

1) Juniors 2020 cash from operating activities using indirect method was a
A) Net inflow of $200,000
B) Net Outflow of $85,000
C) Net Inflow of $85,000
D) Net Outflow of $300,000

2) The cash from operating activities using indirect methodused the change in A/R as a
A) $110,000 addition
B) $500,000 addition
C) $390,000 reduction
D) $110,000 reduction

3) The cash from operating activities using indirect method used the change in A/P as a
A) $20,000 addition
B) $200,000 addition
C) $20,000 reduction
D) $200,000 reduction

4) The cash from operating activities using indirect method began with the
A) Dividends of $50,000
B) Retained Earnings of $190,000
C) Net Income of $150,000
D) Bonds payable of $400,000

5) Juniors 2020 net cash from investing activities was a
A) Net inflow of $190,000
B) Net outflow of $40,000
C) Net Inflow of $40,000
D) Net Outflow of $190,000

6) Juniors 2020 net cash from financing activities was a
A) Net outflow of $40,000
B) Net outflow of $100,000
C) Net inflow of $150,000
D) Net Inflow of $200,000

7) In calculating the net cash from financing activities the change in bonds payable was an
A) Inflow of $100,000
B) Inflow of $200,000
C) Outflow of $100,000
D) Outflow of $400,000

8) In calculating the net cash from financing activities the dividends were an
A) Inflow of $50,000
B) Outflow of $50,000
C) Inflow of $150,000
D) Inflow of $100,000

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