Homework Answers
| Statement of Cash Flows (Partial) | |
| Cash flows from operating activities: | |
| Collected from customers | 350,000 |
| Paid salaries | -180,000 |
| Paid utilities | -20,000 |
| Net cash flows from operating activities | $150,000 |
Gibson's net cash provided by operating activities.
Cash paid to purchase office equipment is an investing activity and cash paid for dividend is a financing activity.
Correct option is B.
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QUESTION 11 Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries....
Multiple Choice Question 94 Vaughn Manufacturing recorded the following cash transactions for the year: Paid $142500...
Multiple Choice Question 94 Vaughn Manufacturing recorded the following cash transactions for the year: Paid $142500 for salaries. Paid $58400 to purchase office equipment. Paid $15300 for utilities. Paid $5000 in dividends. Collected $290000 from customers. What was Vaughn's net cash provided by operating activities? O $127200 $73800 $147500 $132200
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Can you answer that for me and explain why?
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Multiple Choice Question 94 Vaughn Manufacturing recorded the following cash transactions for the year: Paid $142500 for salaries. Paid $58400 to purchase office equipment. Paid $15300 for utilities. Paid $5000 in dividends. Collected $290000 from customers. What was Vaughn's net cash provided by operating activities? O $127200 $73800 $147500 $132200
Can you answer that for me and explain why?
24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. A. $0. ($3,000). $50,000. None of the choices are correct.
Assignment rt Time: 09:46 PM/ Remaining: 104 min CES Multiple Choice Question 94 Nash's Trading Post, LLC recorded the following cash transactions for the year: Paid $130000 for salaries. Paid $55000 to purchase office equipment. Paid $14000 for utilities. Paid $5000 in dividends Collected $275000 from customers. What was Nash's,LLC net cash provided by operating activities? $145000 $76000 O $126000 $131000 Click if you would like to Show Work for this question: Qen Show Work
Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting for the month of October Cash transactions Cash collections from: Sale of unused office furniture Borrowing from bank Chapter 4 $40,000 150,000 Page 4-4 777,000 Customers Cash payments for: Employee salaries Dividends to stockholders Advertising expense Utilities expense Purchased office equipment Office supplies Noncash Transactions Issue note payable for equipment Services to customers on account Purchase office equipment on account 555,000...
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