The cash flows from operating activities are reported by the direct method on the statement of cash flow.Determine the following:
a.If sales for the current year were $600,000 and accounts receivable decreased $25,500 during the year,what was the amount of cash received from customers?
b.If sales salaries expense for the current years was $80,000 and sales salaries payable increased $25,000 during the year,what was the amount of cash payments for sales salaries?

Question

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The Answer of The cash flows from operating activities are reported by the direct method on the statement of cash flow.Determine the following:
a.If sales for the current year were $600,000 and accounts receivable decreased $25,500 during the year,what was the amount of cash received from customers?
b.If sales salaries expense for the current years was $80,000 and sales salaries payable increased $25,000 during the year,what was the amount of cash payments for sales salaries?

The Cash Flows from Operating Activities Are Reported by the Direct