Question
Fortune Corporations comparative balance sheet for current assets and liabilities was as follows Dec. 31, 2010 Dec. 31, 2009 Accounts receivablE 7,500 5,200 Inventory 11,500
Fortune Corporations comparative balance sheet for current assets and liabilities was as follows
|
| Dec. 31, 2010 | Dec. 31, 2009 |
| Accounts receivablE | 7,500
| 5,200
|
| Inventory
| 11,500
| 16,000
|
| Accounts payable
| 4,300
| 5,200
|
| Dividends payable
| 4,000
| 3,000
|
Net income was $65,000. Prepare the cash flows from operating activities section of the Statement of Cash Flows.
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Accounting What The World's Best Forensic Accountants And Auditors Know About Forensic Accounting And Auditing That You Dont
Authors: Greg Shields
1st Edition
1647483255, 978-1647483258
