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Comapny A had sales of 1400 during the year and collected them all in cash . Company B on the other hand had sales of
Comapny A had sales of 1400 during the year and collected them all in cash . Company B on the other hand had sales of 1400 during the year , but collected only 1150 in cash with the remaining 250 of sales on account . Both firms had expenses of 1100, all paid in cash by both firms . What was Company A's net income for the year ? What was Company B's net income for the year ? What was Company A's net cash from operating activities during the year ? What was Company B's ?
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