137.Tatum Company had an increase in inventory of $40,000. The cost of goods sold was $80,000. There was a $5,000 decrease in accounts payable from the prior period. What were Tatum's cash payments to suppliers?
a.$125,000
b.$75,000
c.$115,000
d.$85,000
a138.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
a139.Largo Company has other operating expenses of $95,000. There has been a decrease in prepaid expenses of $4,000 during the year, and accrued liabilities are $6,000 larger than in the prior period. What were Largo's cash payments for operating expenses?
a.$97,000
b.$93,000
c.$85,000
d.$95,000
a140.Dobson Corporation shows income tax expense of $90,000. There has been a $5,000 decrease in federal income taxes payable and a $7,000 increase in local income taxes payable during the year. What was Dobson's cash payment for income taxes?
a.$90,000
b.$88,000
c.$85,000
d.$92,000
a141.Which of the following would
not
appear in the operating activities section of a statement of cash flows prepared under the direct method?
a.Cash receipts from customers
b.Cash paid for income taxes
c.Gain on disposal of equipment
d.Cash paid to employees
a142.The cost of goods sold during the year was ¥2,050,000. Merchandise inventory decreased by ¥60,000 during the year and accounts payable decreased by ¥30,000 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
a.¥2,080,000.
b.¥2,020,000.
c.¥1,960,000.
d.¥2,140,000.
a143.Bent Company reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $190,000. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were
a.$190,000.
b.$205,000.
c.$215,000.
d.$175,000.
a144.During 2014, Unruh Company had $160,000 in cash sales and $1,400,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December 31, 2013 and 2014, respectively. Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2014?
a.$1,368,000
b.$1,592,000
c.$1,560,000
d.$1,528,000
a145.Marsh Company has other operating expenses of $270,000. There has been an increase in prepaid expenses of $16,000 during the year, and accrued liabilities are $24,000 lower than in the prior period. Using the direct method of reporting cash flows from operating activities, what were Marsh's cash payments for operating expenses?
a.$258,000
b.$262,000
c.$230,000
d.$310,000
146.Which of the following steps is
not
required in preparing the statement of cash flows?
a.Determine the net change in cash.
b.Determine the net cash provided by operating activities.
c.Determine cash from investing and financing activities.
d.Determine the change in current assets.