Question: please give answer in 50 minutes fast reply please Required: Compute the following using the Direct Method (Show your calculations)= 1. How much is the
Question Completion Status: 12 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020: 2029 PPE $730,000 2019 $595.000 Accumulated depreciation of 210,000 175,000 PPE Copyrights 75,000 95,000 Receivables 45,000 25,000 Inventory 35,000 62.000 Prepaid expenses 30,000 40,000 Cash 221.000 198.000 $750,000 $5102.000 100.000 Capital-prefiend shoes Premium on preferred shares 150,000 160,000 Cominon stock 106,000 $6,000 Retained earnings 45.000 34,000 Bond payable 85,000 Accounts payable 165,000 115,000 Accred liabilities The income statement for 2020 is as follows Cast of goods sold $450,000 5500 MARIUS The income statement for 2020 is as follows: Net sales $850,000 Cost of goods sold 550.000 Gross profit 300,000 Operating expenses 165.000 Net income $135,000 Additional information: The operating expenses include the depreciation expenses and amortization expenses. Required: Compute the following using the Direct Method (Show your calculations), 1. How much is the cash received from customers? 2. How much is the cash paid to suppliers? 3. How much is the operating expenses paid? 4. How much is the Net cash provided by operating activities? For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Macl Arial BIVS Paragraph 10pt $750-90 >
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