7- Bought inventory for cash of $ 160,000. 8- Acquired an investment in Zynga stock for cash of $ 21,000. 9- Converted bonds payable to common stock in the amount of $ 500,000. 10- Repaid a 6 year note payable in the amount of $ 220,000.
What is the net cash provided by financing activities? Question 11
In order to determine net cash provided by operating activities, a company must convert net income from an accrual basis to a cash basis under 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