Business, 20.01.2020 23:31 dbn4everloved
Consider the following information.
1. service revenue for the year = $80,000. of this amount, $70,000 is collected during the year and $10,000 is expected to be collected next year.
2. salaries expense for the year = $40,000. of this amount, $35,000 is paid during the year and $5,000 is expected to be paid next year.
3. advertising expense for the year = $10,000. all of this amount is paid during the year.
4 supplies expense for the year = $4,000. no supplies were purchased during the year.
5. utilities expense for the year = $12,000. of this amount, $11,000 is paid during the year and $1,000 is expected to be paid next year.
6. cash collected in advance from customers for services to be provided next year (unearned revenue) = $2,000.
calculate operating cash flows.(list deductible values as negative amounts)
calculate net income.(list deductible values as negtive amounts)
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Consider the following information.
1. service revenue for the year = $80,000. of this a...
1. service revenue for the year = $80,000. of this a...
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