What is the ending cash on the balance sheet for grannypants

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Problem 1: Employees of Richardson Co. worked the week ending December 31, but will not be paid until January. How will this transaction appear on the Richardson's January statement of cash flows?

Option 1: An increase in cash in the operating activities section
Option 2: A decrease in cash in the operating activities section
Option 3: An increase in cash in the financing activities section
Option 4: A decrease in cash in the financing activities section
Option 5: Does not appear in the statement of cash flows

Problem 2: GrannyPants Co. had beginning cash of $32,000. During the year, the company showed an increase in cash from operating activities of $72,000, a decrease in cash of $56,000 from investing activities, an increase in cash of $120,000 from financing activities, and $47,000 in the noncash investing and financing section. What is the ending cash on the balance sheet for GrannyPants Co.?

Option 1: $168,000
Option 2: $215,000
Option 3: $121,000
Option 4: $136,000

Reference no: EM132928042

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