Question: Stackhouse International Inc completed its first year of operations on

Stackhouse International, Inc., completed its first year of operations on June 30, 2010. The firm’s income statement for the year showed revenues of $250,000 and operating expenses of $75,000. Accounts receivable was $71,000 at year end and payables related to operating expense were $35,000 at year end. Compute net cash from operating activities using the direct method.


View Solution:


Sale on SolutionInn
Sales0
Views87
Comments
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000