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Please look at the image carefully half of the figure is in the other picture Sales reported on the income statement totaled $764,000. The beginning
Please look at the image carefully half of the figure is in the other picture
Sales reported on the income statement totaled $764,000. The beginning balance in accounts receivable was $84,000. The ending balance in accounts receivable was $97,500. Under the direct method of determining the net cash provided by (used in) operating activities on the statement of cash flows, sales adjusted to a cash basis are: $861,500 $680,000 $777,500 $750,500 Crossland Corporation reported sales on its income statement of $454,000. On the statement of cash flows, which used the direct method, sales adjusted to a cash basis were $483,500. Crossland Corporation reported the following account balances on its balance sheet for the year: Ending Beginn Balance Baland Accounts receivable $39,500 ? Prepaid expenses $15,900 $12,91 Inventory $21,800 $23,81 Based on this information, the beginning balance in accounts receivable was: $59,000 $29,500 $69,000 lo $39,500 and Corporation reported sales on its income statement of 100. On the statement of cash flows, which used the direct method, djusted to a cash basis were $483,500. Crossland Corporation ed the following account balances on its balance sheet for the year: Ending Beginning Balance Balance nts receivable $39,500 ? d expenses $15,900 $12,900 bry $21,800 $23,800 on this information, the beginning balance in accounts receivable $59,000 $29,500 $69,000 $39,500Step by Step Solution
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