Use the information from E9-39B to calculate the cash flow from operating activities for Pro Consultants, Inc.
Question:
Use the information from E9-39B to calculate the cash flow from operating activities for Pro Consultants, Inc. Based on the information provided, which method of preparing the statement of cash flows does Pro Consultants, Inc., use?
InE9-39B
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From the Financial Statements for Pro Consultants, Inc. Balance Sheet Income Statement Amount for the Year $105,050 Beginning of the Year End of the Year Sales revenue Accounts receivable Utilities expense Utilities payable Cost of goods sold Inventory Accounts payable Interest expense Interest payable Common stock and additional 10 ,000 16,500 3,500 5,500 8,700 2,000 35,500 10,500 2,000 500 2,550 400 175,000 325 260,000 paid-in capital
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Cash from operating activities Cash collected from custome...View the full answer
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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