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Question [Extracted from the financials of Revere Corporation] Sales for the year are $36,000. Cash paid for operating expenses for the year are $23,000. Ending
Question [Extracted from the financials of Revere Corporation] Sales for the year are $36,000. Cash paid for operating expenses for the year are $23,000. Ending Beginning 6000 4400 A/R Prepaid expense Unearned revenue 1640 2480 250 800 Required: Determine the following: (a)CFO using the DRIECT method (4 marks) (b) the I/S (3 marks) and, (c) CFO using the INDIRECT method
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