Question 23 The following information relates to the Ridge Company: Not yet answered Net Income $365,000 Beginning Accounts Payable $119,000 Points out of 2.5 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Flag question 11,000 616,000 Amortization of Intangible Assets Purchase of Long-Term Assets with Cash Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 Ending Accounts Receivable 439,000 Issuance of Stock for Cash 160,000 Beginning Inventory 516,000 110,000 Issuance of Stock for Long-Term Assets Ending Inventory 560,000 Purchase of Treasury Stock 64,000 Beginning Prepaid Expenses 48,000 Ending Prepaid Expenses 42,000 Assume that the indirect method is used. The Net Cash Flows from Financing Activities section will include: Select one: a. $(110,000) b. $64,000 c. $(160,000) d. $200,000 e. $110,000 Question 31 Which transaction will affect the total of Working Capital? Not yet answered Select one: Points out of 2.5 a. Flag question Collection of Accounts Accrual of Wage Receivable Expense No Yes b. Collection of Accounts Accrual of Wage Receivable Expense No No c. Collection of Accounts Accrual of Wage Receivable Expense Yes Yes d. Collection of Accounts Accrual of Wage Receivable Expense Yes No Question 32 On October 31, 2021, the Nehra Company pays $9,000 cash for rent through 3/31/22. The balance in prepaid rent on the 12/31/21 Balance Sheet will be: Not yet answered Select one: a. $4,500 Points out of 2.5 b. $5,400 Flag question c. $1,800 d. $3,000 e. $3,600