Question
The following financial statements are available for Kimball Corporation (all dollar amounts in millions): 41. How can you know if you have prepared the statement
The following financial statements are available for Kimball Corporation (all dollar amounts in millions):
41. How can you know if you have prepared the statement of cash flows correctly?
The sum of operating, investing, and financing cash flows should equal 500
Operating cash flows should equal 100
The sum of operating, investing, and financing cash flows should equal 100
Operating cash flows should equal 500
42. Assuming Kimball uses the direct method, what is cash collected from customers?
$10,272
$10,328
$10,300
$9,950
43. Assuming Kimball uses the direct method, what is cash paid to suppliers?
($5,940)
($6,530)
($6,460)
($6,130)
44. Assuming Kimball uses the direct method, what is cash paid for general expenses?
($1,650)
($1,600)
($2,300)
($1,550)
45. Assuming Kimball uses the direct method, what is cash paid for taxes?
($815)
($885)
($850)
($1,350)
46. What is cash paid for the purchase of PP&E?
$194
$594
$155
($206)
47. What is cash received from the sale of PP&E?
$240
$300
$360
$60
48. What is cash paid for dividends?
$1,073
$340
$325
$1,058
49. What is cash paid to reduce mortgage payable?
$265
$1,200
$665
$1,465
50. What is cash received from the issuance of stock?
$400
$0
$650
$1,050
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