× O Q Chapter 12 flashcax .Y Exam 3 Refer To The Follo-x- Refer ezto.mheducation

Question

× O Q Chapter 12 flashcax .Y Exam 3 Refer To The Follo-x- Refer ezto.mheducation.com/hm.tpx Exam 3 Question 13 (of 28) 13. value: 2.50 points Use the following information and the indirect method to calculate the net cash provided or operating activities: $ 14,000 13,700 16.700 Net income Depreciation expense Payment on mortgage payable Galn on sale of land Increase in merchandise Inventory Increase in accounts payable Proceeds from sele of land 3,750 7850 8,850 O $38.400 O $17350 O $25.200 O $16,350 $31,800. 28

Explanation / Answer

1)correct option is "E" -= 31800

[Net cash provided = 14000+13700-3750-7850=31800]

2)correct option is E" - 228000

Purchase = 62800+232000-60800=234000

AMount paid = 234000+59800-65800=228000

3)correct option is "C" -

Yera 2 = 500000/450000 = 111.11%

Yera3 =550000/450000 = 122.22%

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