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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339 تمرين 48
Computing cash flow items-direct method
Consider the following facts:
a. Beginning and ending Accounts receivable are $20,000 and $24,000, respectively. Credit sales for the period total $62,000.
b. Cost of goods sold is $76,000. Beginning Inventory balance is $27,000, and ending Inventory balance is $22,000. Beginning and ending Accounts payable are $14,000 and $9,000, respectively.
Requirements
1. Compute cash collections from customers.
2. Compute cash payments for inventory.
Consider the following facts:
a. Beginning and ending Accounts receivable are $20,000 and $24,000, respectively. Credit sales for the period total $62,000.
b. Cost of goods sold is $76,000. Beginning Inventory balance is $27,000, and ending Inventory balance is $22,000. Beginning and ending Accounts payable are $14,000 and $9,000, respectively.
Requirements
1. Compute cash collections from customers.
2. Compute cash payments for inventory.
التوضيح
موثّق
موثّق
2. We know that Cost of goods sold was $...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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