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what is the answer from 20 through 23 please 20) New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows.
what is the answer from 20 through 23 please
20) New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet 20) New Orlears Chemicals Company Comparative Balance Sheet December 31, 2018 and 2017 Common Stock Retained Earnings Treasury Stock Total Equity 2018 2017 $2200 Increase/(Decrease) $27,800 65,000 $30.000 155.000 (8500) $176.500 90.000 6500) $86,700 (3000) $89800 Net Income for 2018 was $92.000 Based on the above information, determine the amount of dividends declared during 2018 A) $92.000 B) 327,000 C) $65.000 $3000 21) Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018 21) Net cash provided by operating activities: $109,000 Net cash used for investing activities: $(114,500) Net cash provided by financing activities $16,000 If the.cash balance at the beginning of the year was $13,200, what is the ending cash balance? CA$23,700 B) $5500 C) $10,500 D) $13.200 22) Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refes to the following information reported for 2019 22) 1. Sales Revenue, $520,000 2. Accounts Receivable, beginning balance, $99,000 3. Accounts Receivable, ending balance, $62,000 Compute the collections from customers A) $359,000 D)$557,000 C) $161,000 B) $458,000 23) 23) Boulevard, Inc uses the direct method to prepare its statement of cash flows. Use the following information reported for 2019 Sales Revenue, $43,000 Interest Revenue, $600 Accounts Recelvable, beginning balance, $13,400 Accounts Receivable, ending balance, $26,000 There were no amounts reported for Interest Receivable. Compute the total cash receipts $31,000 D) $26,000 C) $13,400 B556,400 Step by Step Solution
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