The balance in the salaries payable account decreased $6 million for the year. Salaries expense for the year is $30 million. What amount will be shown in the operating cash flow section of the direct method SCF?  

a. 30,000                          

b. 24,000                         

c. 42,000                          

d. 36,000                         

e. 18,000

 

Given the following, compute net cash flow from operations (NCF-operations). Collections from customers $40,000. ____ Rent expense $3,000. ___ Dividends received $2,000. ____ Loans made to others $6,000. ____ Depreciation expense $ 5,000. _____ Dividends paid $9,000. ____ Payments to suppliers $12,000.          

a. 21,000           

b. 24,000           

c. 30,000                          

d. 27,000                         

e. 35,000

 

The reconciliation of net income and net operating cash flow is reported for which format of the statement of cash flows? The first word in each answer alternative refers to (1) direct method; and the second refers to (2) the indirect method.

                            

a. yes; yes         

b. yes; no          

c. no; yes           

d. no; no

 

 

There are 6 items listed here related to rental activities. ____ Rent Expense ____ Rent Collected ____ Change in Prepaid Rent ____ Rent Payable ____ Change in Unearned Rent ___ Rent Paid ____ How many are operating cash flows?            

a. 1                     

b. 2                     

c. 3       

d. 4                     

e. 5                     

f. 6

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