Assuming Net Income for the year Is $245,000, what Is the net cash flows from operating activitles glven the following Information:Increase in Salaries Payable$20,500Depreciation ExpenseIncrease in Prepaid Rent$ 7,000$28,000$ 1,100$31,500$90,000Loss on sale of assetIncrease in Accounts PayableIncrease in InventoryeBookMultiple Choice$361,900$215,100222100ש$187,10000 A company had the following cash flows for the year.21(a) Purchased land, $60,000(b) Borrowed from a local bank, $100,000(c) Pald employee salarles, $50,000(d) Issued common stock, $75.000(e) Paid dividends, $20,000(1) Sold equipment, $40,000(g) Sold services to customers, $120.000eBookWhat amount would be reported for net investing cash flows In the statement of cash flows?Multiple Choice($20,000).$70,000.$155,000,$40,000.

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Description: Assuming Net Income for the year Is $245,000, what Is the net cash flows from operating activitles glven the following Information:Increase in Salaries Payable$20,500Depreciation ExpenseIncrease in Prepaid Rent$ 7,000$28,000$ 1,100$31,500$90,000Loss

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Assuming Net Income for the year Is $245,000, what Is the net cash flows from operating activitles glven the following Information: Increase in Salaries Payable $20,500 $ 7,000 $28,000 $ 1,100 $31,500 $90,000 Depreciation Expense Increase in Prepaid Rent Loss on sale of asset Increase in Accounts Payable Increase in Inventory Multiple Choice $361,900 $215,100 $222,100 $187,100

Assuming Net Income for the year Is $245,000, what Is the net cash flows from operating activitles glven the following Information: Increase in Salaries Payable $20,500 $ 7,000 $28,000 $ 1,100 $31,500 $90,000 Depreciation Expense Increase in Prepaid Rent Loss on sale of asset Increase in Accounts Payable Increase in Inventory Multiple Choice $361,900 $215,100 $222,100 $187,100

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 19E

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