Cash equivalents include a. checks b. coins and currency c. ...

[danielfitts88]

Cash equivalents include
 a. checks
  b. coins and currency
  c. money market accounts and commercial paper
  d. stocks and short-term bonds

Question 2

Use the following information from Artizan, Inc., to prepare the operating activities section of the statement of cash flows for May using the indirect method.
 
  Beginning cash balance: 21,470
  Ending cash balance: 63,735
  Net change in accounts receivable 1,800
  Net change in inventory (2,675 )
  Net change in accounts payable (890 )
  Depreciation expense 8,000
  Net income 23,450
  Cash paid for dividends 625
  Cash received from a loan 9,000
  Purchase of treasury of stock 3,780
  Cash received from sale of studio equipment 6,235

[snackralk]

Answer to Question 1

c

Answer to Question 2

Artizan, Inc.
Statement of Cash Flows
For the Month Ended May 31, 2011
Cash flows from operating activities:
Net income 23,450
Depreciation expense 8,000
Net increase in accounts receivable (1,800 )
Net decrease in inventory 2,675
Net decrease in accounts payable (890 )
Net cash from operating activities 31,435