Question: Bleu prepares its statement of cash flows using the direct method. For 2023, Bleu reported: Decrease in accounts receivable $720 Sales $14,000 Increase in inventory
Bleu prepares its statement of cash flows using the direct method. For 2023, Bleu reported: Decrease in accounts receivable $720 Sales $14,000 Increase in inventory $360 Cost of goods sold $8,000 Increase in accounts payable $250 a. What were cash receipts from customers? b. What are cash payments to suppliers? c. What were cash disbursements for selling and administrative expenses? (Selling and administrative expenses of $2,000 included depreciation of $40 and credit losses of $10.)
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