Question
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
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