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a) b) response is greatly appreciated thank you :) Cornerstone Exercise 11-16 Classification of Cash Flows Stanfield Inc. reported the following items in its statement
a) b) response is greatly appreciated thank you :) Cornerstone Exercise 11-16 Classification of Cash Flows Stanfield Inc. reported the following items in its statement of cash flows presented using the indirect method. Required: Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, a cash flow from financing activities. Multiple-Choice Exercise 11-7 Mullinix Inc, reported the following information: net income, $40,000; decrease in accounts receivable, $10,000; dec in accounts payable, $8,000; and depreciation expense, $6,000. What amount did Mullinix report as cash flow from operating activities on its statement of cash flows? a. $16,000 b. $36,000 c. $48,000 d. 564,000
a)
b)
response is greatly appreciated thank you :)
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