The current period statement of cash flows includes the following: $468,812 162,373 Cash balance at the beginning of the period Net cash flow from operating activities Net cash flow used for investing activities Net cash flow used for financing activities 52,510 103,402 The cash balance at the end of the period is a. $475,273 Ob. $150,527 c. $155,912 d. $787,097 The net income reported on the income statement for the current year was $305,755. Depreciation recorded on fixed assets and amortization of patents for the year were $32, 144, and $9,818, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash Accounts receivable $48,741 109,677 95,565 8,377 69,227 $61,861 125,746 100,165 2,927 Inventories Prepaid expenses Accounts payable (merchandise creditors) 57,974 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. $319,545 b. $368,386 c. $300,089 Od. $310,345 The following information is available from the current period financial statements: Net income Depreciation expense Increase in accounts receivable $ 115,582 25,127 25,104 21,042 Decrease in accounts payable The net cash flow from operating activities using the indirect method is a. $94,517 b. $115,582 c. $186,855 Od. $94,563 The cost of merchandise sold during the year was $56,643. Merchandise inventories were $13,265 and $8,162 at the beginning and end of the year, respectively. Accounts payable (allowed to merchandise suppliers) were $7,935 and $4,511 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total a. $56,643 Ob. $7,935 c. $48,116 d. $54,964 The following selected account balances appeared on the financial statements of the Washington Company. Use these balances to answer the questions that follow. $14,398 Accounts Receivable, Jan. 1 Accounts Receivable, Dec. 31 Accounts Payable, Jan. 1 Accounts Payable, Dec. 31 6,092 5,290 9,196 Inventory, Jan. 1 10,744 Inventory, Dec. 31 Sales Cost of Goods Sold 14,491 69,179 30,752 The Washington Company uses the direct method to calculate net cash flow from operating activities. Assume that all accounts payable are owed to merchandise suppliers. a. $73,579 Ob. $60,873 c. $77,485 d. $69,179 Sales for the year were $555,243. Accounts receivable were $101,063 and $81,547 at the beginning and end of the year, respectively. Cash received from customers to be reported on the statement of cash flows using the direct method is a. $656,306 b. $555,243 c. $574,759 d. $594,275