Kelly SpA had cash receipts from customers in 2022 of 142,000. Cash payments for operating expenses were
Question:
Kelly SpA had cash receipts from customers in 2022 of €142,000. Cash payments for operating expenses were €97,000. Kelly has determined that at January 1, accounts receivable was €13,000, and prepaid expenses were €17,500. At December 31, accounts receivable was €18,600, and prepaid expenses were €23,200. Compute
(a) Service revenue
(b) Operating expenses.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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