Question
Use the indirect method to answer the following three questions. The following information is available for Casey Company: Net income $200 Increase in plant and
Use the indirect method to answer the following three questions. The following information is available for Casey Company: Net income $200 Increase in plant and equip. $ 90 Depreciation expense 50 Payment of dividends 25 Increase in accounts receivable 30 Increase in long-term debt 100 Decrease in inventories 10 Decrease in accounts payable 20
28. What is cash flow from operating activities for Casey Company? *
a. $195
b. $310
c. $210
d. $290
e. None of the above
29. What is cash from financing activities for Casey Company? *
a. $75
b. $125
c. ($125)
d. $55
e. None of the above
30. What is the change in cash for Casey Company? *
a. $85
b. $375
c. $125
d. $195
e. None of the above
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