Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am having issue figuring out Net cash flow. Can someone explain how to find it please? LEWIS AND HARPER Statements Model For Accounting Year
I am having issue figuring out Net cash flow. Can someone explain how to find it please?
LEWIS AND HARPER Statements Model For Accounting Year 2018 Stockholders Equ Retained Assets Liabilities Income Statement Event Statement of Cash Flow Accounts CashReceivable Accounts Payable Salaries Payable 0. Cash + RevenueExpenseNet Income 109,500 59,000 6600(66,000) Earnings 109,500 59,000 (66,000) (24,500) 109,500 109,500 NA 59,000 59,000+ (24,500)+ (22,000)+ 59,000- 3. 66,000+ 24,500(24,500(24,500) 73,000 0(22,000) 73000 (73,000) 73.0001 = (22,000)+ (7,000) + (7,000) 0(7,000) FA 5,800 + 5,800+ 5,8001 = 96, 3001 (5,800) 72,200 Totals 78,500+ 36,500 44,000+ 71,000 168,500 78,500 NC b. Total assets c. Accounts receivable d. Accounts payable f. Net income g. Net cash flow from operating activities for 2018 $115,000 36,500 44,000 72,200Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started