Question Details

Dobson Corporation shows income tax expense 



a1.	Utley Company had a cost of purchases of $250,000. The comparative statement of financial posititon analysis revealed a $10,000 decrease in inventory and a $20,000 increase in accounts payable. What were Utley's cash payments to suppliers?
a.	$230,000
b.	$220,000
c.	$260,000
d.	$280,000

a2.	Tatum Company had an increase in inventory of $40,000. The cost of goods sold was $90,000. There was a $5,000 decrease in accounts payable from the prior period. What were Tatum's cash payments to suppliers?
a.	$135,000
b.	$85,000
c.	$125,000
d.	$95,000


a3.	Which of the following items does not appear in the statement of cash flows under the direct method?
a.	Cash payments to suppliers
b.	Cash collections from customers
c.	Depreciation Expense
d.	Cash from the sale of equipment


a4.	Largo Company has other operating expenses of $75,000. There has been a decrease in prepaid expenses of $4,000 during the year, and accrued liabilities are $6,000 larger than in the prior period. What were Largo's cash payments for operating expenses?
a.	$77,000
b.	$73,000
c.	$65,000
d.	$75,000


a5.	Dobson Corporation shows income tax expense of $80,000. There has been a $5,000 decrease in federal income taxes payable and a $7,000 increase in local income taxes payable during the year. What was Dobson's cash payment for income taxes?
a.	$80,000
b.	$78,000
c.	$75,000
d.	$82,000





Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help