QUESTION 19 Tripe H Enterprises reported $20.000 of cash from operating activities and the following data: Depreciation $45,000 Increase in accounts payable 12.000 Increase in wages payable 8,000 Increase in inventory 0,000 Decrease in taxes payable 2,000 Tripe H's net income/loss for the period was O A $10,000 income. OB. $8,000 loss. C. $28.000 loss. OD. 554.000 loss. QUESTION 20 Quick assets are A current assets less inventory and prepaid expenses B. current assets less prepaid expenses. C. Inventory plus cash and prepaid expenses. O D. current assets plus current liabilities QUESTION 21 Which of the following do not affect the amounts collected on accounts receivables? A the allowance for doubtful accounts 8. credit policy C. returns policy D. discounts policy QUESTION 22 The contrasset account used to provide for an estimate of uncollectible accounts is O A Allowance for Doubtful Accounts O B. Bad Debt Expense. OCAR subledger OD. Allowable Accounts Receivable QUESTION 15 Under the Indirect approach in preparing the cash from operations section of the Statement of Cash Flow depresion is added to set income because O Atis a cash out tow B. it is not an wlowble expense in determining net income o C. it is not a cash expense Dit is a source of cash QUESTION 16 Cash flows from feaning activities include O A proceeds received from sale of the company's shares proceeds received from sale of equipment o purchase of land o proceeds from the sale of shares of another company QUESTION 17 The cash account may have a credit balance when OA this is not possible the normal balance for the cash account is a debt o the company only has cash equivalents and no demand deposits Cal of the company's cashisted in Accounts Receivable and inventory O the company has used is bank overdrafty anong activities of $225.000 and QUESTION 18 Ha company reported net income for the year of 100,000 cash tom operating wives of $105.000 cash fows from O A $65.000 decrease $170.000 decrease C 140.000 increase OD 3120.000 decrease investigates of $40000 what was the change in