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Question 13 (1.5 points) A company had credit sales of $150,000 and a Cost of Goods Sold of $125,000. The Accounts Payable account decreased by
Question 13 (1.5 points) A company had credit sales of $150,000 and a Cost of Goods Sold of $125,000. The Accounts Payable account decreased by $4,000, the Merchandise Inventory account increased by $10,000, and the Accounts Receivable account increased by $12,000. Determine the Credit Purchases for the period. $131,000 $135,000 $139,000 $140,000 Question 15 (1 point) Which of the following will not be a part of the Statement of Cash Flows? Collection of a Loan made Investments in debt securities Stock dividends paid by the company Treasury Stock Reissuances Question 17 (1.5 points) The Equipment account had a beginning and ending balance of $80,000 and $125,000 respectively. The depreciation expense for the year was $35,000 and the beginning and ending balance of the accumulated depreciation account was $48,000 and $69,000 respectively. Equipment with a cost of $30,000 was sold at a loss of $1,900 and additional equipment was purchased for cash. If these were the only transactions impacting the Investing Activities section, determine the net Cash inflow or outflow for Investing Activities. $89,100 outflow $28,100 inflow $92,900 outflow $46,900 inflow .. $60,900 outflow Question 1 (1 point) Under the Indirect Method, the Cash Flows from Operating Activities section would include: cash paid to purchase equipment bad debt expense cash paid for dividends cash received from the sale of investments
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