1 The section showing cash flow from operations, using the indirect method, for Jerry Creamery reported an increase in inventories during the year of $255 million. Accounts payable related to the purchase of inventories increased by $15 million. Cost of goods sold for the year was $1,860 million. What were the cash payments for inventory, purchased and manufactured for the year?

report in millions.

2 The Skokie Journal has a drive to get customers to subscribe and prepay for their subscriptions prior to the year end. On December 31, 2017, they receive $80,000 from customers for newspaper subscriptions to be delivered in 2018. The Skokie Journal estimates it will cost approximately $60,000 to fulfill these subscriptions. How does this impact Skokie Journal's 2017 statement of cash flows? (choose)

Cash from operations will be $80,000 higher.

Cash from operations will be $20,000 higher.

Cash from financing will be $80,000 lower and cash from operations will be $80,000 higher.

Cash from investing will be $80,000 higher.

No Change.

3.- Corp purchases inventory for $100 in cash during 2018. As of the end of 2018, the inventory has not been sold. What adjustment for inventory appears in the Operating Section of the Statement of Cash Flows prepared using the Indirect Approach for 2018? Note that negative adjustments (i.e., items that are subtracted from Net Income to arrive at Operating Cash flow) are shown in parentheses. (choose)

(100)

0

100

None of the options

4.-Delilah Dish Company has net income of $104,000 and the following items:

Depreciation Expense$32,000

Accounts Receivable Increase$24,000

Inventory Decrease$12,000

Accounts Payable Increase$16,000

Accrued Liabilities Decrease$30,000

What is net cash flow from operating activities? (choose)

$110,000

$134,000

$124,000

$102,000

$98,000

5.- A firm's cash flow from investing activities includes (choose)

Cash received from the sale of a patent.

Cash paid as dividends.

Cash paid as interest.

Cash paid to retire bonds payable.

Cash received from issue of preferred stock.