Net Loss is $ ( 1 8 , 0 0 0 ) , during the year accounts
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Question:
Net Loss is $(18,000), during the year accounts payable − suppliers increased by $15,000, inventory increased by $5,000 and accounts receivable (customers decreased by $12,000 during the year. Profit from the sale of the machine was 3000 Euros and depreciation was 22000. With the indirect method what is the cash flow from economic activity? If CF from investment activity was $25,000 and from financial activity ($15,000) what was the difference between the economic result compiled on the basis of the accrual principle (Accrual basis of accounting) and the cash principle (cash basis of accounting).*
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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