These questions are part A and B so please answer both parts SavedHelpMary's Music Store reported net Income of $135,000. Beginning balances in Accounts Receivable and Accounts Payable were $29.000 and $26,000, respectively. Ending balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevantInformation has been presented, Mary's net cash flows from operating activities would be:Multiple Choice$132,000.$134,000.$136,000.$138,000.O O O O activity/question-group/KEZASSBKEPS-hf5.. QSavedHelpSave & ExA company purchases its inventory from supplers on account During the year, Its inventory account increased by $20 milion and its accounts payable to supplers decreased by $7 mililon. If cost of goods sold was $470 million, Its cash outflows to inventory supplierstotaledMutiple Choice$443 million$483 millionS497 milion$457 milion.O O O O

Cash flow from operating activities = Net income + Decrease in account receivable – Decrease in…

Mary's Music Store reported net Income of $135,000. Beginning balances in Accounts Recervable and Accounts Pavable were $29000 and $26.000, respectively. Ending balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevant Information has been presented, Mary's net cash flows from operating activities would be Multiple Choice $132.000 $134.000 $136.000 S8000 O O

Mary's Music Store reported net Income of $135,000. Beginning balances in Accounts Recervable and Accounts Pavable were $29000 and $26.000, respectively. Ending balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevant Information has been presented, Mary's net cash flows from operating activities would be Multiple Choice $132.000 $134.000 $136.000 S8000 O O

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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