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The Natural Company's cash balance at December 31, 2019, was $150,000. The following information was reported on the company's statement of cash flows for 2020:

The Natural Company's cash balance at December 31, 2019, was $150,000. The following information was reported on the company's statement of cash flows for 2020:

Net Income $ 342,000
Depreciation and Amortization 91,000
Increase in Accounts Receivable 62,000
Increase in Inventory 137,000
Decrease in Accounts Payable 43,000
Dividends Paid to Shareholders 35,000
Proceeds from Sale of Common Stock 400,000
Repayment of Bonds Payable 240,000
Proceeds of Sale of Equipment with Book Value of $84,000 61,000
Purchase of Land and Building 416,000

The Natural Company's balance sheet would report the balance of Cash on December 31, 2020.

Question 9 options:

A)

$150,000

B)

($16,000)

C)

$192,000

D)

$134,000

A decrease in accounts payable from $86,000 to $72,000 will be reported on the statement of cash flows as a:

Question 5 options:

A)

$14,000 use of operating activity funds.

B)

$14,000 use of investing activity funds.

C)

$14,000 source of investing activity funds.

D)

$14,000 source of operating activity funds.

The income statement reports a loss of $5,000 from the sale of equipment. As a result, the statement of cash flows would report a:

Question 4 options:

A)

$5,000 decrease in investing activities.

B)

$5,000 increase in investing activities.

C)

$5,000 decrease in operating activities.

D)

$5,000 increase in operating activities.

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