For 2013, the income statement of Hylard Corporation had revenues of $152,000 and operating expenses of $78,000 Accounts receivable and accounts payable at year end were $60,000 and $23,000, respectively At the beginning of the year, the balances were $39,000 for accounts receivable and $15,000 for...

Revenue 152000 Deduct Increase in accounts receivable ...

For 2013, the income statement of Hylard Corporation had revenues of $152,000 and operating expenses of $78,000.

Question:

For 2013, the income statement of Hylard had revenues of $152,000 and operating expenses of $78,000. and at year-end were $60,000 and $23,000, respectively. At the beginning of the year, the balances were $39,000 for and $15,000 for Assume that related to operating expenses. Ignore income taxes.
Instructions
Compute net cash provided by operating activities using the direct method.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...