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what is the answer from 24 through 28 please 24) Arena, Inc. uses the direct method to prepare its statement of cash flows Use the
what is the answer from 24 through 28 please
24) Arena, Inc. uses the direct method to prepare its statement of cash flows Use the following information reported for 2019 to compute the amount of cash paid for merchandise inventory. 24) Cost of Goods Sold, $134,000 Merchandise Inventory, beginning balance, $27.000 Merchandise Inventory, ending balance, $67,000 Accounts Payable, beginning balance, $7600 Accounts Payable, ending balance, $5000 A) $174,000 B) $94,000 C) $171,400 D)A176, .s00 25) Nature Metals Company uses the direct method to prepare its statement of cash flows. Use the following information reported for the year 2018 to compute the cash pald to suppliers for 25) operating experses Operating expenses. $29,000 Accrued Liabilities, beginning balance, $3400 Accrued Liabilities, ending balance, $5400 A$27,000 s831,000 C) $34.400 D) $32,400 26) Optics Company uses the direct method for preparing its statement of cash flow. Optics reports the following information regarding 2019 26) From the income statement Sales Revenues, $266,000 Cost of Goods Sold, $212,000 Operating Expenses, $37,000 Net Income $17,000 From the balance sheet: Beginning Balance $14,900 Ending Balance $18,400 17.800 Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities 23,900 6100 13.800 1500 4500 Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable are for purchases of merchandise inventory only. Accrued liabilities relate to operating expenses. What amount will be shown for the net cash provided by operating activities? A $9300 D) $64,300 C) $17,000 B) $24,300 27) operating activity on a statement of cash flows 27) Which of the following is a cash inflow from an prepared using the direct method? A) borrowed money on a long-term note C received interest revenue in cash B) sold treasury stock for cash D) issued common stock 28) on a statement of cash flows prepared 8) The payment of interest on a loan is considered a using the direct method A) cash outflow for investing activities C) cash outflow for operating activities B) cash outflow for financing activities D) non-cash activity Step by Step Solution
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