Question 1 part

Question 1 part 2

Question 1 part 3

In preparing a company's statement of cash flows using the Indirect method, the following information is available Net income Accounts payable increased by Accounts receivable decreased by Inventories increased by Depreciation expense $ 52,000 8,000 17,000 5,000 30,000 Net cash provided by operating activities was O $102,000. O $62.000. $72,000. O $107.000 $112,000. The section in the statement of cash flows for reporting the receipt of cash from dividend revenue is Multiple Choice Operating activities Financing activities Investing activities Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows Which of the following statements related to reporting cash flows from Investing and financing activities is false? Multiple Choice Reporting of financing activities is the same under the direct method and indirect method. Changes in long-term Hability accounts and equity accounts are analyzed to determine cash flows from financing activities. Changes in long-term asset accounts are analyzed to determine cash flows from investing activities The direct method applies accrual accounting while the Indirect method apples cash basis accounting Reporting of Investing activities is the same under the direct method and Indirect method