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Adophus, Inc

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1. Adophus, Inc.'s 2010 income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation) of $720,000. The 2010 balance sheet reported the following: accounts receivable beginning balance of $50,000 and ending
   balance of $40,000; accounts payable beginning balance of $22,000 and ending balance of $28,000. Therefore, based only on this information and using the indirect method, the 2010 net cash inflow from
   operating activities was
2. Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at the beginning of 2010 to $165,000 at the end of 2010. How much cash did Outback collect from customers in 2010?
3. When preparing the statement of cash flows using the indirect method, an increase in accounts payable would appear as
4. A company in the growth phase of its product life cycle will normally have the following pattern of cash flows
5. When preparing the statement of cash flows using the indirect method, the payment of dividends would appear as
6. Which of the following transactions would not create a cash flow?
7. Which of the following is not one of the reasons why net income differs from cash flows from operations under the indirect method of calculating cash flows?
8. Which of the following is an approximation of a cash-based measure of pretax operating earnings?
9. When net income is low relative to operating cash flows, we describe the firm as having recorded
10. Which of the following companies would you expect to report significant amounts of cash provided by financing activities?