Below is a table of comparative balances for 2022 and 2021

 

                                          December 2022                      December 2021 

Accounts Receivable       35,000                                     45,000 

Accounts Payable             23,000                                    27,000

Inventory                            13,000                                   11,000

Dividends Payable             34,000                                  21,000 

Net Income = $100,000

Answer the following and include whether your answer is positive or negative by reflecting () for negative answers:

1. What is the increase or (decrease) to cash from operating activities for Accounts Receivable?

2. What is the increase or (decrease) to cash from operating activities for Accounts Payable?

3. What is the increase or (decrease) to cash from operating activities for Inventory?

4. What is the increase or (decrease) to cash from operating activities for Dividend Payable?

5. What is the increase or (decrease) to cash from operating activities?

Answer rating: 100% (QA)

To calculate the increase or decrease to cash from operating activities for each account we need to ... View the full answer