Connor Company reported operating expenses of $325,000 for 20X2. The following data were extracted from the company’s financial records: 12/31/X1 12/31/X2 Prepaid Expenses $60,000 $79,000 Accrued Expenses 210,000 165,000 On a statement of cash flows for 20X2, using the direct method, cash payments for operating expenses should be Question 8 options: $489,000. $361,000. $399,000. $451,000. Keyes Corporation had net income for 20X1 of $1,400,000. Additional information is as follows: Depreciation of plant assets $1,000,000 Gain on sale of equipment 200,000 Increase in accounts receivable 300,000 Decrease in accounts payable 500,000 Lohan's net cash provided by operating activities for 2017 was Question 3 options: $2,400,000. $1,400,000. $1,800,000. $3,000,000
Connor Company reported operating expenses of $325,000 for 20X2. The following data were extracted from the company’s financial records:
12/31/X1 12/31/X2
Prepaid Expenses $60,000 $79,000
Accrued Expenses 210,000 165,000
On a statement of cash flows for 20X2, using the direct method, cash payments for operating expenses should be
Question 8 options:
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$489,000. |
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$361,000. |
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$399,000. |
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$451,000. |
Keyes Corporation had net income for 20X1 of $1,400,000. Additional information is as follows:
Gain on sale of equipment 200,000
Increase in accounts receivable 300,000
Decrease in accounts payable 500,000
Lohan's net cash provided by operating activities for 2017 was
Question 3 options:
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|
$2,400,000. |
|
|
$1,400,000. |
|
|
$1,800,000. |
|
|
$3,000,000. |
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