Below is a table of comparative balances for 2022 and 2021
Question:
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 11,000Net 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?
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield