Home /
Expert Answers /
Accounting /
i-need-it-now-please-the-following-income-statement-and-additional-year-end-information-is-provided-pa537
(Solved): i need it now please The following income statement and additional year-end information is provided ...
i need it now please
The following income statement and additional year-end information is provided. Prepare the operating activities section of the statement of cash flows using the direct method. Note: Amounts to be deducted should be indicated with a minus sign.
Expert Answer
Computation of Cash receipts from customers:Cash receipts from customers=Sales revenue ? Increase in Accounts Receivable =$1,753,000?$38,550=$1,714,45