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majestico majestico
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6 years ago
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?
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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majestico Author
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#2
6 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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