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Determine the amount of cash collecting by merlin

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Reference no: EM132795022

Problem 1: Which of the following would appear in cash flows from operations prepared using the direct method?

a. Cash received from issuance of stock

b. Cash paid for depreciation

c. Cash paid for inventory purchases

d. Cash dividends paid to shareholders

e. Cash paid to repurchase common stock

Problem 2:. Merlin Corporation reported revenue of $95,000 for 2019. Accounts receivable on 1/1/2019 were $20,000 and accounts receivable on 12/31/2019 were $14,000. Determine the amount of cash collecting by Merlin during 2019.

a. $89,000

b. $95,000

c. $115,000

d. $81,000

e. $101,000

Reference no: EM132795022

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