Question: Expert Electronics, Incorporated ( EEI ) recognized $ 4 , 1 0 0 of sales revenue on account and collected $ 2 , 3 0
Expert Electronics, Incorporated EEI recognized $ of sales revenue on account and collected $ of cash from accounts receivable. Further, EEI recognized $ of operating expenses on account and paid $ cash as partial settlement of accounts payable.
Required
Based on this information alone:
Prepare the operating activities section of the statement of cash flows under the direct method.
Prepare the operating activities section of the statement of cash flows under the indirect method Expert Electronics, Incorporated EEI recognized $ of sales revenue on account and collected $ of cash from accounts receivable. Further, EEl recognized $ of operating expenses on account and paid $ cash as partial settlement of accounts payable.
Required
Based on this information alone:
a Prepare the operating activities section of the statement of cash flows under the direct method.
b Prepare the operating activities section of the statement of cash flows under the indirect method.
Complete this question by entering your answers in the tabs below.
Prepare the operating activities section of the statement of cash flows under the direct method.
Note: Cash outflows should be indicated with a minus sign. Complete this question by entering your answers in the tabs below.
Prepare the operating activities section of the statement of cash flows under the indirect method.
Note: Cash outflows should be indicated with a minus sign.
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