Question: A decrease in prepaid expenses of $ 8 , 0 0 0 for the year: decreases cash flow from operating activities by $ 8 ,

A decrease in prepaid expenses of $8,000 for the year:
decreases cash flow from operating activities by $8,000.
increases cash flow from operating activities by $8,000.
decreases cash flow from operating activities by $16,000.
increases cash flow from operating activities by $16,000.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Increase in accounts receivable Decrease in prepaid expenses 0.75 3 points Skipped Exercise 15-3 (Algo) Calculating Free Cash Flow [LO15-3] Apex Company prepared the statement of cash flows for the...

Q:

The Western Supplies Corporation gathered the following data from its accounting records for the year ended March 31, 2021: Decrease in inventory $ 17,000 Increase in accounts receivable 47,600 Cash...

Q:

festoon Announcements CEN- Briel Exercise 12 06 100 Part The comparative balance sheets for Sheridan Company show these changes in noncash current asset accounts: accounts receivable decrease...

Q:

Weygandt, Financial & Managerial Accounting, 2e Help 1 Unread Brief Exercise 13-6 The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts...

Q:

Salud Company reports net income of $390,000 for the year ended December 31, 2013. It also reports $70, 200 depreciation expense and a $14,000 gain on the sale of machinery. Its comparative balance...

Q:

Hi tutor, its all about STATEMENT OF CASH FLOWS, help me to solve for it and please provide solution. In order to understand it and make it as a reviewer for my upcoming exam. Thank you of Problem...

Q:

Hi tutor, its all about STATEMENT OF CASH FLOWS, help me to solve for it and please provide solution. In order to understand it and make it as a reviewer for my upcoming exam. Thank you of Problem...

Q:

Hi tutor, its all about STATEMENT OF CASH FLOWS, help me to solve for it and please provide solution. In order to understand it and make it as a reviewer for my upcoming exam. Thank you of Problem...

Q:

1. Should Marshall purchase the thermowell machines? In calculating the WACC, use 5.8% as the equity risk premium. 2. Should Marshall acquire Electro-Engineering, Inc. (EE)? What is the most...

Q:

Please show all work. Exercise 134 Condition gt requires numbers instead of "null" and "0" Bracewell Company reported net income of $191,100 for 2014. Bracewell also reported depreciation expense of...

Q:

1. Two concentric spherical shell conductors carry equal and opposite charges. The inner shell has radius a and charge +q; the outer shell has radius b and charge q. Find the potential difference...

Q:

Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 97,000 August 117,000 September 127,000 Cash sales are normally 30% of total sales and all...

Q:

What are the main components of the te puke voyaging canoe? View keyboard shortcuts EditViewInsertFormatToolsTable 1 2 pt Paragraph

Q:

You invested $4,500 in a mutual fund exactly 39 months ago when the NAV of the fund was $31.80. You have not acquired or sold any shares since that time. However, the fund paid a special distribution...