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The net income reported on the income statement

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The net income reported on the income statement 1. Accounts receivable arising from sales to customers amounted to ¥350,000 and ¥400,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was ¥1,500,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a. ¥1,500,000. b. ¥1,550,000. c. ¥1,850,000. d. ¥1,450,000. 2. Wilton Company reported net income of $50,000 for the year. During the year, accounts receivable decreased by $7,000, accounts payable increased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is a. $40,000. b. $65,000. c. $49,000. d. $45,000. 3. Buster Company reported a net loss of $6,000 for the year ended December 31, 2011. During the year, accounts receivable increased $14,000, merchandise inventory decreased $10,000, accounts payable decreased by $20,000, and depreciation expense of $10,000 was recorded. During 2011, operating activities a. used net cash of $20,000. b. used net cash of $28,000. c. provided net cash of $28,000. d. provided net cash of $18,000. 4. The net income reported on the income statement for the current year was ¥2,250,000. Depreciation recorded on plant assets was ¥380,000. Accounts receivable and inventories increased by ¥20,000 and ¥80,000, respectively. Prepaid expenses and accounts payable decreased by ¥10,000 and ¥110,000 respectively. How much cash was provided by operating activities? a. ¥2,050,000 b. ¥2,430,000 c. ¥2,250,000 d. ¥2,590,000 5. The net income reported on the income statement for the current year was ¥2,400,000. Depreciation was ¥500,000. Account receivable and inventories decreased by ¥100,000 and ¥300,000, respectively. Prepaid expenses and accounts payable increased, respectively, by ¥10,000 and ¥80,000. How much cash was provided by operating activities? a. ¥3,010,000 b. ¥3,370,000 c. ¥3,210,000 d. ¥3,290,000 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

The net income reported on the income statement

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