Question: Xs indicate wrong answers, please help with the correct answers Russell Co. reports sales revenue of $33,600 and interest revenue of $8,600. Its comparative balance

Xs indicate wrong answers, please help with the correct answers
Russell Co. reports sales revenue of $33,600 and interest revenue of $8,600. Its comparative balance sheet shows that accounts receivable decreased $7,600 and interest receivable increased $1,900. Compute cash provided by operating activities using the direct method. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. Cash Receipts from Operations (Direct) Increase in interest receivable Increase in interest receivable 40,600 X 6,700 X Cash provided by operating activities $ 47,300
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
