Question Details

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





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