Question : 137.Thomas Company had an increase in inventory of $45,000. The : 1311968

137.Thomas Company had an increase in inventory of $45,000. The cost of goods sold was $90,000. There was a $6,000 decrease in accounts payable from the prior period. What were Thomas’ cash payments to suppliers?

a.$141,000

b.$51,000

c.$129,000

d.$96,000

138.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

139.Lager Company has other operating expenses of $75,000. 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 Lager’s cash payments for operating expenses?

a.$77,000

b.$73,000

c.$65,000

d.$75,000

140.Damien Corporation shows income tax expense of $80,000. There has been a $5,000 decrease in federal income taxes payable and a $8,000 increase in state income taxes payable during the year. What was Damien’s cash payment for income taxes?

a.$80,000

b.$77,000

c.$75,000

d.$93,000

141.Monitor Company has other operating expenses of $250,000. There has been an increase in prepaid expenses of $15,000 during the year, and accrued liabilities are $22,000 lower than in the prior period. Using the direct method of reporting cash flows from operating activities, what were Monitor’s cash payments for operating expenses?

a.$243,000

b.$257,000

c.$213,000

d.$287,000

142.The cost of goods sold during the year was $185,000. Merchandise inventory decreased by $6,000 during the year and accounts payable decreased by $3,000 during the year.  Using the direct method of reporting cash flows from operating activities, cash payments for               merchandise total

a.$188,000.

b.$182,000.

c.$176,000.

d.$194,000.

143.Bongo Company reports a $25,000 increase in inventory and a $10,000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $180,000. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were

a.$180,000.

b.$190,000.

c.$215,000.

d.$135,000.

144.During 2013, Uma Company had $160,000 in cash sales and $1,200,000 in credit sales.  The accounts receivable balances were $180,000 and $212,000 at December 31, 2012 and 2013, respectively.  Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2013?

a.$1,168,000

b.$1,392,000

c.$1,360,000

d.$1,328,000

145.The operating section of the cash account includes debits for each of the following except

a.depreciation expense.

b.net income.

c.a loss on disposal of equipment.

d.an increase in prepaid expense.

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.