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Swifty Company uses the direct method in determining net cash provided (used) by operating activities. The income statement shows income tax expense of $59500. Income
Swifty Company uses the direct method in determining net cash provided (used) by operating activities. The income statement shows income tax expense of $59500. Income taxes payable were $25700 at the beginning of the year and $18200 at the end of the year. Cash payments for income taxes are O $59500. O $67000. O $77700. $52000. Bonita's Pest Control Products has the following information available: net income, $14300; cash provided by operations, $21600; cash sales, $66000; capital expenditures, $10200; and dividends paid, $3500. What is Bonita's free cash flow? $7900. O $19900. $11400. $600. In Marigold Company, the Land account decreased $90400 as a result of a cash sale for $99000 and recognized a gain on the sale of $10400. The Equipment account increased $20500 as a result of a cash purchase. Marigold Company also purchased a Truck for $25500 by issuing a five-year note. Bonds Payable increased from an issuance of bonds for cash for $49900. The net cash provided by investing activities is $54500. $68100. $78500. $104000. Which of the following would not appear in the operating activities section of a statement of cash flows prepared under the direct method? O Cash paid to employees O Gain on sale of equipment O Cash paid for income taxes O Cash receipts from customers
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