The employer identification number is the same as the owner's ...

[ss2343]

The employer identification number is the same as the owner's Social Security number.
  Indicate whether the statement is true or false

Question 2

Jesse Corporation reported the following information for the current year:
   (1) Net income is 205 million.
   (2) Acquisitions were 32 million.
   (3) Customer accounts receivable increased by 12 million.
 
  (4) Dividends paid to common shareholders were 8 million.
   (5) Depreciation expense was 41 million.
   (6) Income tax payable decreased by 11 million.
   (7) Long-term debt increased by 28 million.
   (8) Accounts payable decreased by 6 million.
   (9) Inventories increased by 17 million.
 
  Required: Based on the above information, calculate the following items:
 
  a. Cash flow from operating activities.
  b. Cash flow from investing activities.
  c. Cash flow from financing activities.
  d. The increase or decrease in the cash balance.

[TheDev123]

Answer to Question 1

F

Answer to Question 2

a. Net income 205 million
Increased A/R (12)
Depreciation 41
Decreased tax payable (11)
Decreased A/P (6)
Increased inventories (17)
200 million

b.Acquisitions (32) million

c. Dividends paid (8) million
Increase of long-term debt 28
20 million

d. 200+(32)+20 = 188 million

[ss2343]

Great answer, keep it coming

[hramirez205]

TYSM