Student Painters had revenues of $17,400 and expenses of $10,400 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Beginning of Year End of Year Accounts receivable $ 2,600 $ 5,900 Accounts payable 980 440 Calculate net cash flow for the business for this period.
Student Painters had revenues of $17,400 and expenses of $10,400 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Beginning of Year End of Year Accounts receivable $ 2,600 $ 5,900 Accounts payable 980 440 Calculate net cash flow for the business for this period.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 43E
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Student Painters had revenues of $17,400 and expenses of $10,400 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Beginning of Year End of Year Accounts receivable $ 2,600 $ 5,900 Accounts payable 980 440 Calculate net cash flow for the business for this period.
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