Question: How did they get this answer? #3 Category Prior Year Current Year answered Accounts payable 3,139.00 5,999.00 incorrect Accounts receivable 6,841.00 8,951.00 Correct Answer: -381

 How did they get this answer? #3 Category Prior Year Current

Year answered Accounts payable 3,139.00 5,999.00 incorrect Accounts receivable 6,841.00 8,951.00 Correct

How did they get this answer?

#3 Category Prior Year Current Year answered Accounts payable 3,139.00 5,999.00 incorrect Accounts receivable 6,841.00 8,951.00 Correct Answer: -381 Points: 0 Accruals 5,615.00 6,020.00 More Details Additional paid in capital 19,873.00 13,920.00 Retake Cash ??? ??? Attempts Remaining: Infinity Common Stock 2,850 2,850 COGS 22,680.00 18,727.00 Current portion long-term debt 500 500 Depreciation expense 980.00 978.00 Interest expense 1,285.00 1,138.00 Inventories 3,056.00 6,720.00 Long-term debt 16,946.00 22,101.00 Net fixed assets 75,333.00 73,972.00 Common Stock 2,850 2,850 COGS 22,680.00 18,727.00 Current portion long-term debt 500 500 Depreciation expense 980.00 978.00 Interest expense 1,285.00 1,138.00 Inventories 3,056.00 6,720.00 Long-term debt 16,946.00 22,101.00 Net fixed assets 75,333.00 73,972.00 Notes payable 4,041.00 6,571.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,278.00 34,313.00 Sales 46,360 45,986.00 Taxes 350 920 What is the firm's total change in cash from the prior year to the current year

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!