Question 50 3 pts Net income is reported: In the financing section of both the direct and indirect method cash flow statement In the operating section of the indirect method cash flow statement In the investing section of both the direct and indirect method cash flow statement On the income statement but never on the statement of cash flows Given the items below, which of the following is an addition to net income to arrive at operating cash flows using the indirect method? 1. Loss on sale of assets II. Increase in Supplies III. Increase in Accounts Payable IV. Increase in Accounts Receivable Tand III lil and iv and in only Valliant, Inc. reported net income of $60,000 on its income statement for the year ended December 31, 2019. During 2019, accounts receivable decreased by $5,000, merchandise inventory increased by $8.000, accounts payable increased by $3,000 and $4,000 of depreciation was recorded. Therefore, based only on this information, the net cash flows from operating activities for Valliant for 2019 was: $67.000. @ $60,000 $70.000 $64.000 Hagen Company reported the following during 2019: cash collected from customers $450,000: cash paid to suppliers of inventory $280.000: cash used to purchase land $60,000: cash received from sale of company stock $40.000; and cash used to repay a bank loan $75,000. Hagen's net cash flow from operating activities during 2019 was. $75,000 $225.000 $110,000 $170.000 QUOD Hagen Company reported the following during 2019: cash collected from customers $450,000; cash paid to suppliers of inventory $280,000; cash used to purchase land $60,000; cash received from sale of costock $40,000; and cash used to repay a bank loan $75,000. Hagens e cash flow from financing activities during 2019 was: ($95.000) ( ($35,000) ($375,000 $ 135,000 3 pts Question 45 Sevier, Inc. purchased a machine at a cost of $254,000. The estimated service life is 8 years, and the estimated residual value is $66,000. The company uses the double-declining-balance method. Depreciati expense for the first year is: $63,500 $80.000 $47.000 $31.750 3 pts 3 pts Question 44 Which of the following is TRUE regarding the accounting for treasury stock All of these statements are true for treasury stock. Treasury stock is a contra equity account Treasury stock is the number of issued Shares repurchased by the company Treasury stock is reported on the balance sheels the nuity Sect Courier Logistics Corp. will issue $2,400,000 in 8-year bonds that pay 5% annually. The market rate for bonds of similar riskiness and maturit 4%. How much cash will Courier Logistics Corp. receive from this to issuance? $2,374.124 $2.529.241 $2.561,585 $2.400.000 3 pts
