Alpha company had the following account balances for

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63. Alpha Company had the following account balances for 2013: Alpha reported net income of $210,000 for 2013. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2013 reported in the statement of cash flows? A. $224,000. B. $206,000. C. $214,000. D. $196,000. AACSB: Analytic AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium Learning Objective: 21-04 Determine cash flows from operating activities by the indirect method. Spiceland - Chapter 21 #63 Topic: Cash flows from operating activities-indirect method
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64. Hogan Company had the following account balances for 2013: Hogan reported net income of $300,000 for 2013. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2013 reported in the statement of cash flows? AACSB: Analytic AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium Learning Objective: 21-04 Determine cash flows from operating activities by the indirect method. Spiceland - Chapter 21 #64 Topic: Cash flows from operating activities-indirect method
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65. Hanson Company had the following account balances for 2013: Hanson reported net income of $90,000 for 2013. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2013 reported in the statement of cash flows? AACSB: Analytic AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium Learning Objective: 21-04 Determine cash flows from operating activities by the indirect method. Learning Objective: 21-08 Prepare a statement of cash flows with the aid of a spreadsheet or T-accounts. Spiceland - Chapter 21 #65 Topic: Cash flows from operating activities-indirect method Topic: Preparation of the statement of cash flows
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66. A company reported interest expense of $540,000 for the year. Interest payable was $35,000 and $75,000 at the beginning and the end of the year, respectively. What was the amount of interest paid? AACSB: Analytic AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium Learning Objective: 21-04 Determine cash flows from operating activities by the indirect method. Spiceland - Chapter 21 #66 Topic: Cash flows from operating activities-indirect method 67. Which of the following would be added to net income when determining cash flows from operating activities under the indirect method? A. A gain on the sale of land. B. An increase in prepaid expenses. C. A decrease in accounts payable. D. A decrease in accounts receivable. AACSB: Analytic AICPA FN: Measurement Blooms: Analyze Difficulty: 2 Medium
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Learning Objective: 21-04 Determine cash flows from operating activities by the indirect method. Spiceland - Chapter 21 #67 Topic: Cash flows from operating activities-indirect method
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