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ACC 421 Chapter 5 Wileyplus
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Keyser Beverage Company reported the following items in the most
recent year.
Q -2
Ames Company reported 2014 net income of $151,000. During 2014,
accounts receivable increased by $13,000 and accounts payable
increased by $9,500. Depreciation expense was $44,000.
Prepare the cash flows from operating activities section of the
statement of cash flows.
Q -3
Martinez Corporation engaged in the following cash transactions
during 2014.
Q-4
The major classifications of activities reported in the statement of
cash flows are operating, investing, and financing. Classify each of
the transactions listed below as:
Q-5
E5-14