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Use the Company Z information for the next four questions. Company z CONSOLIDATED STATEMENTS OF CASH FLOWS 2020 2019 $(673.0) $34.7 Cash flows from operating

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Use the Company Z information for the next four questions. Company z CONSOLIDATED STATEMENTS OF CASH FLOWS 2020 2019 $(673.0) $34.7 Cash flows from operating activities: Net (loss) income Adjustments to reconcile net (loss) income to net cash flows from operating activities: Depreciation Asset Impairments Stock based compensation Deferred income taxes Loss on sale of machine Gain from sale of factory building Other Changes in operating assets and liabilities: Accounts Receivable Merchandise inventories Prepaid insurance Income taxes payable Accounts payable Net cash flows (used in) provided by operating activities 126.9 1,015.9 10.7 (4.1) 3.0 (200.8) 151.9 395.1 25.6 (107.9) 8.5 (6.4) (10.5) 6.9 40.4 12.6 2.2 (18.7) 121.1 443.1 35.7 (1972) (1.2) (24.7) 131.3 434.9 Question 7 10 5 Company Z's income taxes payable decreased during 2020. True False Question 8 5 F If company Z had not recorded any depreciation expense in 2020, their operating cash flows would have shrunk by $126.9. True O False Question 9 5 p Company Z's prepaid insurance decreased during 2020, O True Falso Question 10 10 P During 2020, Com any z sold a factory building for $200.8 more than they originally paid for it. True O False

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