Please answer both. This is part A and B Mary's Music Store reported net income of $147,000. Beginning balances in Accounts Receivable and Accounts Payable were $26,500 and $20,500, respectively. Ending balances in theseaccounts were $33,500 and $14,800, respectively. ASsuming that all relevant information has been presented, Mary's net cash flows from operating activities would be:Multiple Choice$159,700,$148,300.$145,700.$134,300. On November 1, 2021, New Morning Bakery signed a $206,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022.New Morning Bakery records the appropriate adjusting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued intereston May 1, 2022? (Do not round your intermediate calculations.)Multiple Choice$207,030.$211.150.O $206,000.$212.180.

The cash flow statement is prepared to find the net cash inflow or outflow of the business.

Mary's Music Store reported net income of $147,000. Beginning balances in Accounts Receivable and Accounts Payable were $26,500 and $20,500, respectively. Ending balances in these accounts were $33,500 and $14,800, respectively. ASsuming that all relevant information has been presented, Mary's net cash flows from operating activities would be Multiple Choice $159,700. $148,300. $145,700. $134,300.

Mary's Music Store reported net income of $147,000. Beginning balances in Accounts Receivable and Accounts Payable were $26,500 and $20,500, respectively. Ending balances in these accounts were $33,500 and $14,800, respectively. ASsuming that all relevant information has been presented, Mary's net cash flows from operating activities would be Multiple Choice $159,700. $148,300. $145,700. $134,300.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter3: Accrual Accounting

Section: Chapter Questions

Problem 5MCQ: Dallas Company loaned to Ewing Company on December 1, 2019. Ewing will pay Dallas $720 of interest...

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