15. Which of the following is correct with respect to a bank reconciliation? a. Subtract interest...

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15. Which of the following is correct with respect to a bank reconciliation? a. Subtract interest earned from the bank's balance. b. Add service charge to the company's balance. c. Subtract NSF checks from the company's balance. d. Add deposits outstanding to the company's balance. 16. In the operating activities section of the statement of cash flows, we start with net income when using: a. The direct method. b. The indirect method. c. Both the direct and the indirect method. d. Neither the direct nor the indirect method. Use the following information to answer the next 3 questions: Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities CASH PAID FOR: Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses $1,800 200 100 600 2,000 $ 300 80 1,500 4,000 1,000 a. $ 1,100. b. $(1,100). c. $ 820. d. $ 900. 200 500 17. Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of: a. $(80). b. $120. c. $200. d. $420. 18. Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: a. $(4,000). b. $100. c. $(3,900). d. $(1,900). 19. Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of: JECTIVE AUCTOR 40 .. 15. Which of the following is correct with respect to a bank reconciliation? a. Subtract interest earned from the bank's balance. b. Add service charge to the company's balance. c. Subtract NSF checks from the company's balance. d. Add deposits outstanding to the company's balance. 16. In the operating activities section of the statement of cash flows, we start with net income when using: a. The direct method. b. The indirect method. c. Both the direct and the indirect method. d. Neither the direct nor the indirect method. Use the following information to answer the next 3 questions: Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities CASH PAID FOR: Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses $1,800 200 100 600 2,000 $ 300 80 1,500 4,000 1,000 a. $ 1,100. b. $(1,100). c. $ 820. d. $ 900. 200 500 17. Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of: a. $(80). b. $120. c. $200. d. $420. 18. Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: a. $(4,000). b. $100. c. $(3,900). d. $(1,900). 19. Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of: JECTIVE AUCTOR 40 ..

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The detailed answer for the above question is provided below 15 c Subtract NSF Checks from t... View the full answer