Swiftly Company prepares its statement of cash flows using the direct method for operating activities . For
Fantastic news! We've Found the answer you've been seeking!
Question:
Swiftly Company prepares its statement of cash flows using the direct method for operating activities . For the year ended December 31,2024, Swifty Company reports the following
Sales on account $2100000, Cash Sales $1115000, Decrease in accounts receivable 920000, Increase in accounts payable 112000, increase in inventory 78000, Cost of good sold 1576000;
What amount of cash payments to suppliers will be reported by Swifty Company for the year ended December 31, 2024?
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date: