I LOVER VASHEEN

I LOVER VASHEEN - 75 award 0 out of 10 points Use the...

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Unformatted text preview: 75. award: 0 out of 10 points Use the following information to calculate cash received from dividends: Dividends revenue $32,500 Dividends receivable, January 1 2,900 Dividends receivable, December 31 3,800 $35,400. $29,600. $32,500. $36,300. → $31,600. Increase in Dividends Receivable = $3,800 - $2,900 = $900 Cash received from dividends = $32,500 - $900 = $31,600 70. award: 0 out of 10 points A company's income statement showed the following: net income, $124,000; depreciation expense, $34,000; and gain on sale of plant assets, $20,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,500; merchandise inventory increased $16,000; prepaid expenses decreased $6,200; accounts payable increased $3,300. Calculate the net cash provided or used by operating activities. $213,000. $60,600. → $141,000. $109,600. $128,200. Net income.................................................................. $124,000 Depreciation expense................................................ 34,000 Gain on sale of plant assets..................................... (20,000) Decrease in accounts receivable............................. 9,500 Increase in merchandise inventory.......................... (16,000) Decrease in prepaid expenses...................................
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I LOVER VASHEEN - 75 award 0 out of 10 points Use the...

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