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Prepare the Cash Flow from Operations for ABC Company as of 12/31/x1. The following information related to 20x1 was provided. Then answer the questions pertaining

Prepare the Cash Flow from Operations for ABC Company as of 12/31/x1. The following information related to 20x1 was provided. Then answer the questions pertaining to the statement.

Net income = $151,000

A/R decreased by $13,000

A/P decreased by $9,500

Land was purchased for $110,000 cash

Dividends paid = $10,000

Depreciation expense = $44,000

Question 20 options:

Are the dividend paid included in the Cash Flow from Operations, adjustments to reconcile net income to net cash, sections of the Cash Flow Statement and if so is it added to NI, or deducted?

Is the decrease in A/P included in the Cash Flow from Operations, adjustments to reconcile net income to net cash, sections of the Cash Flow Statement and if so is it added to NI, or deducted?

What is the amount of Cash Flows from Operations?

Is the decrease in A/R included in the Cash Flow from Operations, adjustments to reconcile net income to net cash, sections of the Cash Flow Statement and if so is it added to NI, or deducted?

Is the purchase of Land included in the Cash Flow from Operations, adjustments to reconcile net income to net cash, sections of the Cash Flow Statement and if so is it added to NI, or deducted?

1.

Included and added.

2.

Included and deducted.

3.

Not included.

4.

. $188,500

5.

. $198,500

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