Question: Required information Exercise 13.2 (Static) Using a Statement of Cash Flows (LO13-1, LO13-2, LO13-6) [The following information applies to the questions displayed below] Auto Supply
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Required information Exercise 13.2 (Static) Using a Statement of Cash Flows (LO13-1, LO13-2, LO13-6) [The following information applies to the questions displayed below] Auto Supply Company's 2021 statement of cash flows appears in Exhibit 13-8. Study the statement and respond to the following questions. Exercise 13.2 (Static) Part a a. What was the company's free cash flow in 2021 ? Required information Exercise 13.2 (Static) Using a Statement of Cash Flows (LO13-1, LO13-2, LO13-6) [The following information applies to the questions displayed below.] Auto Supply Company's 2021 statement of cash flows appears in Exhibit 13-8. Study the statement and respond to the following questions. Exercise 13.2 (Static) Part c-1 c-1. What happened to the total amount of cash and cash equivalents during the year? Exercise 13.2 (Static) Using a Statement of Cash Flows (LO13-1, LO13-2, LO13-6) [The following information applies to the questions displayed below] Auto Supply Company's 2021 statement of cash flows appears in Exhibit 13-8. Study the statement and respond to the following questions. Exercise 13.2 (Static) Part d d. Look at the reconciliation of net income to net cash provided by operating activities, and choose the correct statement from below. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The gain on the sale of morketable securities represents a reclassification of this item from the operating activities section of the statement of cash flows to the investing activities section of the statement of cagh flows. The increase in accounts receivable represents credit sales which were collected in 2021. The increase in accounts receivable represents credit sales which were not collected in 2021. EXHIBIT 13-8 Auto Supply Co. Statement of Cash Flows
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