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Your cousin provides you with the following statement of cash flows for his company. He tells you that all sales are on account (there are
Your cousin provides you with the following statement of cash flows for his company. He tells you that all sales are on account (there are no cash sales): $ 45 $ 15 2 (10) 4 11 56 Operating activities: Net income Adjustments to convert net income to a cash basis: Depreciation Decrease in accounts receivable Increase in inventory Increase in accounts payable Net cash provided by (used in) operating activities Investing activities: Additions to property, plant, & equipment Net cash provided by (used in) investing activities Financing activities: Issuance of common stock Cash dividends paid Net cash provided by (used in) financing activities Net increase in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents (40) (40) 5 (14) (9) elle $ 13 If your cousin's company's sales were $225, then its cash collections from customers were: Multiple Choice If your cousin's company's sales were $225, then its cash collections from customers were: Multiple Choice O $223. O $217. O $227. O $233
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