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Title: The cash flows from operating activities are reported by the direct method on the statement of cash ... Post by: majestico on Jun 6, 2017 The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following:
a. If sales for the current year were $700,000 and accounts receivable increased $25,000 during the year, what was the amount of cash received from customers? b. If sales salaries expense for the current years was $70,000 and sales salaries payable increased $25,000 during the year, what was the amount of cash payments for sales salaries? Title: Re: The cash flows from operating activities are reported by the direct method on the statement of ... Post by: keytwo on Jun 6, 2017 Content hidden
Title: Re: The cash flows from operating activities are reported by the direct method on the statement of cash ... Post by: majestico on Sep 3, 2017 Yeah, makes a lot more sense. Appreciate this quite a lot
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