Refer to the two cases presented in M12-5, and show the cash flow from operating activities section
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Case A Case B 2013 2012 2013 2012 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries Expense Net Income Accounts Receivable Inventories Accounts Payable Salaries Payable $11,000 6,000 5,000 1,000 2,500 1,500 300 750 800 1,000 $9,000 5,500 3,500 1,000 2,000 500 400 500 700 1,200 $21,000 12,000 9,000 1,500 5,000 2,500 750 730 800 200 $18,000 11,000 7,000 1,500 5,000 500 600 800 850 250
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Case A Case B Cash collected from customers 1 11100 20850 Cash pay...View the full answer
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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