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1. Salaries for 2010 were 75,000; cost of goods was sold at 29,000. if the account receivable increased by 2,500; inventory decreased by $1340; accounts
1. Salaries for 2010 were 75,000; cost of goods was sold at 29,000. if the account receivable increased by 2,500; inventory decreased by $1340; accounts payable decreased by $2,000 and other accrued liabilities decreased by $800.00.
How much cash was paid to the vendors and suppliers during the year?
How would the cash from this transaction be classified on the statement of cash flow? operating activities, investing activities or financing activities.
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