The financial statements of Simon Co. include the following items (amounts in thousands): For the Year Ended December 31, 2020 $840 Income Statement Net income Depreciation and amortization expense 640 At December 31 Balance Sheets 2020 2019 Accounts receivable $250 $340 340 300 Inventory Accounts payable Income taxes payable 160 180 100 30 Required: a. Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2020. (Enter your answer in thousands. (i.e., 20,000 should be entered as 20)) Net cash provided (used) by operating activities b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement. O True O False

The following selected data for ABC Corporation for the year ended December 31, 2020, is available to you for preparing the cash flow statement: Cost of goods sold $56,500 Sales revenue $97,300 Amortization expense 14,100 Interest revenue 4,100 Income tax expense 2,300 Dividend revenue

Question: The following selected data for ABC Corporation for the year ended December 31, 2020, is available to you for preparing the cash flow statement: Cost of goods sold $56,500 Sales revenue $97,300 Amortization expense 14,100 Interest revenue 4,100 Income tax expense 2,300 Dividend revenue

This Information will be used for all questions: Selected Balance Sheet Information    Year 2020     Year 2021 Cash             40,000  ?  Accounts Receivable             10,000             14,000 Prepaid Rent               5,000               6,000 Inventory             35,000             30,000 Accounts Payable               3,000               2,000 Unearned Revenue               5,000               7,000 Income Taxes Payable             14,000             12,000       Other Relevant Information for 2021     Beginning Cash Balance             40,000   Net Income             65,000   Depreciation Expense             40,000   Cash Paid for Dividends             10,000   Cash Received for Loan             40,000   Cash Repaying Loan             10,000   Cash Payment to Purchase Land             12,000   Cash Received for Sale of Equipment             15,000   Gain on Sale of Equipment               5,000   Cash Received for Issuance of Stock…