Question Details

Beane Corporation shows income tax expense 



a1.	Ware Company had purchases of $260,000. The comparative balance sheet analysis revealed a $15,000 decrease in inventory and a $25,000 increase in accounts payable. What were Ware's cash payments to suppliers?
a.	$235,000
b.	$220,000
c.	$275,000
d.	$300,000


a2.	Christine Company had an increase in inventory of $55,000. The cost of goods sold was $95,000. There was a $6,000 decrease in accounts payable from the prior period. What were Thomas’ cash payments to suppliers?
a.	$156,000
b.	$61,000
c.	$144,000
d.	$101,000


	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.	Ale Company has other operating expenses of $80,000. There has been a decrease in prepaid expenses of $6,000 during the year, and accrued liabilities are $5,000 larger than in the prior period. What were Ale's cash payments for operating expenses?
a.	$81,000
b.	$82,000
c.	$69,000
d.	$80,000


	a5.	Beane Corporation shows income tax expense of $82,000. There has been a $6,000 decrease in federal income taxes payable and a $7,000 increase in state income taxes payable during the year. What was Beane's cash payment for income taxes?
a.	$82,000
b.	$81,000
c.	$76,000
d.	$95,000




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