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Please help me with acct homework questions asap. Thank you very much. 1 points QUESTION 4 At Dec 31, ABC Company had currency and coins

Please help me with acct homework questions asap. Thank you very much.

image text in transcribed 1 points QUESTION 4 At Dec 31, ABC Company had currency and coins on hand of $500, deposits in checking accounts of $3,000, U.S. Treasury bills purchased on Dec. 1 and due on Jan. 31of $30,000, U.S. Treasury bills purchased on Nov 1 and due March 31 of $50,000, a money market account of $70,000, and 200 shares of Wal-Mart stock worth $2,000 purchased on Dec. 15 that management intends to sell on Jan. 15. What amount should ABC report as the balance in the Cash & Cash Equivalents account on Dec. 31? A $105,5 . 00 B $103,5 . 00 C $153,5 . 00 D $155,5 . 00 E $33,50 . 0 1 points QUESTION 5 Using the indirect method of presenting net cash flow from operating activities, depreciation expense is added to net income because A it represents a cash inflow from the firm's operating activities. . B it is a non-cash expense that was deducted in determining net . income. C it is similar to other operating expenses that are paid in cash . during the period. D it does not represent one of the firm's operating expenses. . E None of the above. . 1 points QUESTION 6 company reported the following information for 2014 and 2015 Accounts Receivable, December 31, 2014 $ 14,000 Accounts Receivable, December 31, 2015 23,000 Sales Revenue - 2015 6. How much cash was collected from customers during 2015? A $145,000 . B $154,000 . C $117,000 . D $163,000 . E None of the . above. 154,000

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