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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mary'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 relevant
Information 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
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A 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 suppliers
totaled
Mutiple Choice
$443 million
$483 million
S497 milion
$457 milion.
O O O O
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