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what is the answer for 15,16,17 please Nobles 15) Connecticut, Inc uses the indirect method to prepare its statement of cash flows. Refer to the

what is the answer for 15,16,17 please image text in transcribed
Nobles 15) Connecticut, Inc uses the indirect method to prepare its statement of cash flows. Refer to the following potion of the conmparative balance sheet 15) Connecticut, In Comparative Balance Shoet December 31, 2019 and 2018 Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation-Pant and Equipment Total Assets 2019 127 000 2018 $18,000 35.000 25.000 90.000 Increase/Decrease) $9000 (1000) 31.000 34000 56.000 126.000 36,000 (45,000) $190.000 (43,000) $125000 (2000) $73.000 Additional information provided by the company includes the following 1. Equipment was purchased for $69.000 with cash 2 Equipment with a cost of $33,000 and accumulated depreciation of $7300 was sold for $46,000 What was the amount off net cash provided by (used fod investing activities? A) $188.000 ) S(23,000) 123,000 B) S(188,000) 16) Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $7000. The net book value of the asset was $28.900. Which of the following statenents describes the cash effect of the transaction? A positive cash flow of $21,900 from investing activities B) negative cash flow of $21,900 for financing activities C) negative cash flow of $21.900 for operating activitles D) positive cash flow of $35,900 from financing activities 16) 17) ington Company is preparing its statement of cash flows using the indirect method. Refer to 17) W the following portion of the comparative balance sheet Washington Company Comparative Balance Sheet December 31, 2019 and 2018 2019 $9000 3000 Increase/(Decrease) $(4000) 1600 2018 $5000 1400 Accounts Payable Accrued Liabilities (11,000) $(5400) 68,000 $74,400 57,000 Long-term Notes Payable $69.000 Total Liabilities Additional information provided by the company includes the following 1. During 2019, the company repaid $38,000 of long-term notes payable. 2. During 2019, the company borrowed $27,000 on a new long-term note payable. Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? A) $(65,000) D) $11,000 C) $65,000 B)S(11,000)

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