Question
Castile Incorporated had a beginning balance of $1,500 in its Accounts Receivable account. The ending balance of Accounts Receivable was $2,400. During the period, Castile
Castile Incorporated had a beginning balance of $1,500 in its Accounts Receivable account. The ending balance of Accounts Receivable was $2,400. During the period, Castile recognized $35,000 of revenue on the account. Castiles Salaries Payable account has a beginning balance of $1,300 and an ending balance of $1,000. During the period, the company recognized $28,000 of accrued salary expenses. Required
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Based on the information provided, determine the amount of net income.
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Based on the information provided, determine the amount of net cash flow from operating activities.
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