Question 12
The information to prepare the statement of cash flows comes from all of the
following sources except
Question 13
Peninsula Company reported net income of $260,000 for the year. During the
year, accounts receivable increased by $21,000, accounts payable decreased by
$9,000 and depreciation expense of $45,000 was recorded. Net cash provided
by operating activities for the year is
Question 14
In calculating cash flows from operating activities using the indirect method, a
loss on the sale of equipment will appear as a(n)
Question 15
The net income reported on the income statement for the current year was
$440,000. Depreciation was $62,000. Accounts receivable and inventories
decreased by $20,000 and $32,000, respectively. Prepaid expenses and
accounts payable increased, respectively, by $2,000 and $16,000. How much
cash was provided by operating activities?
Question 16
The statement of cash flows will not provide insight into
Question 17
Laser Performance Inc. has the following information available (amount in
thousands).
Net Income
$30,000
Average Total Liabilities
80,000
Average Current Liabilities
36,000
Cash Provided by Operations
48,000
Cash Sales
130,000
Capital Expenditures
22,000
Dividends Paid
6,000
What is the current cash debt coverage?
Question 18