Question: please help with 3 questions! Question 1 Based on the following information. what is the Cash Flow from Operations? Net income = $55,000 Accounts Receivable

please help with 3 questions!

Question 1 Based on the following information. what is the Cash Flow from Operations? Net income = $55,000 Accounts Receivable decreased $13,000, Inventory increased $10,000, PPE increased $21,000, Accumulated Depreciation increased $15,000. There were no sales of PPE during the year. Accounts Payable decreased $22,000, Wages Payable decreased $10,000, Long-Term Note Payable increased $5,000. There were no repayments of the note payable during the year. Contributed Capital increased $5,000, Retained Earnings increased $40,000. Dividends were declared and paid during the year. l Increase of $20,000 L Cash ows from operations were positive but none of these amounts are correct. L Cash ows from operations were negative. L Increase of $41,000 L Increase of $26,000 L Increase of $2 1,000 Question 2 Based on the same information as Question 1, what is the Cash Flow from Investing Activities? Net income = $55,000 Accounts Receivable decreased $13,000, Inventory increased $10,000, PPE increased $21,000, Accumulated Depreciation increased $15,000. There were no sales of PPE during the year. Accounts Payable decreased $22,000, Wages Payable decreased $10,000, Long-Term Note Payable increased $5,000. There were no repayments of the note payable during the year. Contributed Capital increased $5,000, Retained Earnings increased $40,000. Dividends were declared and paid during the year. L The net cash ow from investing was $0 L Decrease of $6,000 L None of these amounts are correct. \\. Decrease of $21,000 L Decrease of $36,000 Question 3 Based on the same information as Questions 1 & 2, what is the Cash Flow from Financing Activities? Net income = $55,000 Accounts Receivable decreased $13,000, Inventory increased $10,000, PPE increased $21,000, Accumulated Depreciation increased $15,000. There were no sales of PPE during the year. Accounts Payable decreased $22,000, Wages Payable decreased $10,000, Long-Term Note Payable increased $5,000. There were no repayments of the note payable during the year. Contributed Capital increased $5,000, Retained Earnings increased $40,000. Dividends were declared and paid during the year. \\. Decrease of $10,000 L None of these amounts are correct. L Increase of $10,000 L Decrease of $5,000 L. Increase of $5,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
