The cash flows from operating activities are reported by the direct method on the statement of cash…


Question Description:

29.99

The cash flows from operating activities are reported by the direct method on the statement of cash… 1 answer below ยป 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 $450,000 and accounts receivable decreased by $21,000 during the year, what was the amount of cash received from customers? b. If income tax expense for the current year was $35,000 and income tax payable decreased by $3,100 during the year, what was the amount of cash payments for income tax? Jul 18 2014 01:00 PM

Answer

29.99