Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. On the statement of cash flows for Easton Co., the cash received from customers is currently listed as $60,000. The salaries paid is entered

1. On the statement of cash flows for Easton Co., the cash received from customers is currently listed as $60,000. The salaries paid is entered as $32,000 and the utilities paid is $6,000. Based on this information, what is the net cash from operations?

A : $98,000

B : $60,000

C : $28,000

D : $22,000

2.

Kreston Co. has listed the following information on their statement of cash flows:

Salaries paid: $45,000

Utilities paid: $7,000

Cash from customers: $68,000

Based on this information, what is the net cash from operations?

A : $23,000

B : $120,000

C : $32,000

D : $16,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Not For Profit Entities Audit And Accounting Guide

Authors: AICPA

1st Edition

1937351971, 978-1937351977

More Books

Students also viewed these Accounting questions