Question
Calma Company had sales of $56,000, increase in accounts payable of $8,000, decrease in accounts receivable of $3,000, increase in inventories of $6,000, and depreciation
Calma Company had sales of $56,000, increase in accounts payable of $8,000, decrease in accounts receivable of $3,000, increase in inventories of $6,000, and depreciation expense of $7,000.
The amount of cash collected from customers was:
| a. | $51,000 | |
| b. | $56,000 | |
| c. | $59,000 | |
| d. | $67,000 | |
| e. | $53,000 |
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
