a. Sales = $930,000; Accounts receivable decreased by $40,000. Calculate cash receipts from sales.
b. Cost of goods sold = $650,000; inventory increased by $15,000; accounts payable increased by $28,000. Calculate cash payments for purchases.
c. The income statement shows $25,500 in income taxes. The statement of financial position shows a decrease in taxes payable of $2,500. Calculate the cash paid for income taxes.
d. Operating expenses total $100,000; Depreciation expense = $4,000; Prepaid expenses decreased by $13,000; Accrued liabilities increased by $6,000. Calculate cash payments for operating expenses.

Question

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The Answer of a. Sales = $930,000; Accounts receivable decreased by $40,000. Calculate cash receipts from sales.
b. Cost of goods sold = $650,000; inventory increased by $15,000; accounts payable increased by $28,000. Calculate cash payments for purchases.
c. The income statement shows $25,500 in income taxes. The statement of financial position shows a decrease in taxes payable of $2,500. Calculate the cash paid for income taxes.
d. Operating expenses total $100,000; Depreciation expense = $4,000; Prepaid expenses decreased by $13,000; Accrued liabilities increased by $6,000. Calculate cash payments for operating expenses.

A Sales = $930,000; Accounts Receivable Decreased by $40,000