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Bleu prepares its statement of cash flows using the direct method. For 2023, Bleu reported: Decrease in accounts receivable $720 Sales $14,000 Increase in inventory
Bleu prepares its statement of cash flows using the direct method. For 2023, Bleu reported: Decrease in accounts receivable $720 Sales $14,000 Increase in inventory $360 Cost of goods sold $8,000 Increase in accounts payable $250 a. What were cash receipts from customers? b. What are cash payments to suppliers? c. What were cash disbursements for selling and administrative expenses? (Selling and administrative expenses of $2,000 included depreciation of $40 and credit losses of $10.)Data for Noir for 2023: 12/31/23 12/31/22 Machinery $800 $660 Accumulated depreciation 180 130 Also known: Noir sold a machine that cost $80 and had book value of $45 for $52 List 4 items and amounts that would be reported on a statement of cash flows using the indirect method
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