Accounting Records Assignment | Top Universities |

Accounting Records Assignment | Top Universities |

Chisholm Associates uses the indirect method for preparing the statement of cash flows. The following accounts and balances were drawn from the company's accounting records:

Beg. Bal.
End. Bal.
Accounts receivable
$ 60,000
$ 80,000
Prepaid insurance
9,200
2,000
Accounts payable
48,000
51,600
Unearned revenue
12,800
7,600
Net income for the period was $80,000. The net cash flows from operating activities would be:
$70,400.
$94,400.
$65,600.
$76,000. Get Accounting Homework Help Today
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Accounting Records Assignment | Top Universities |

 

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Accounting Records Assignment | Top Universities |

Chisholm Associates uses the indirect method for preparing the statement of cash flows. The following accounts and balances were drawn from the company's accounting records:

Beg. Bal.
End. Bal.
Accounts receivable
$ 60,000
$ 80,000
Prepaid insurance
9,200
2,000
Accounts payable
48,000
51,600
Unearned revenue
12,800
7,600
Net income for the period was $80,000. The net cash flows from operating activities would be:
$70,400.
$94,400.
$65,600.
$76,000. Get Accounting Homework Help Today
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Related

Accounting Records Assignment | Top Universities |