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Adama Company reported a net loss

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Adama Company reported a net loss 1. Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $180,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a. $180,000. b. $195,000. c. $220,000. d. $165,000. 2. Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts payable increased by $4,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is a. $48,000. b. $77,000. c. $59,000. d. $55,000. 3. Adama Company reported a net loss of $6,000 for the year ended December 31, 2014. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2014, operating activities a. used net cash of $17,000. b. used net cash of $29,000. c. provided net cash of $24,000. d. provided net cash of $21,000. 4. The net income reported on the income statement for the current year was $220,000. Depreciation recorded on plant assets was $35,000. Accounts receivable and inventories increased by $2,000 and $8,000, respectively. Prepaid expenses and accounts payable decreased by $2,000 and $12,000 respectively. How much cash was provided by operating activities? a. $200,000 b. $235,000 c. $220,000 d. $255,000 5. The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000. How much cash was provided by operating activities? a. $296,000 b. $339,000 c. $323,000 d. $311,000 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Adama Company reported a net loss

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