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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