Reference no: EM132543557

Question 1. Zenith Inc. reported the following information for 2018 and 2019.

                                                         2018                         2019

Accounts receivable                  50,000                 65,000

Inventories                            43,000                 40,000

Accounts payable                        29,000              39,000

Net income                                 100,000

Depreciation expense                     11,000

If the company uses the indirect method to prepare the operating activities section off the statement of cash flow, what amount will be reported as net cash inflow from operating activities for 2019?

Question 2. The current period statement of cash flows includes the following:

Cash balance at the beginning of the period 310,000

Cash provided by operating activities 185,000

Cash used in investing activities 43,000

Cash used in financing activities 97,000

The cash balance at the end of the period is ________.

Question 3. The following pieces of information are available from the current period financial statements:

Net income 150,000

Depreciation expense 28,000

Increase in accounts receivable 16,000

Decrease in accounts payable 21,000

The net cash flow from operating activities using the indirect method is