Question
The income statement for a firm reports $26,000 of interest revenue, and the comparative balance sheets show that interest receivable decreased $4,000 for the year.
The income statement for a firm reports $26,000 of interest revenue, and the comparative balance sheets show that interest receivable decreased $4,000 for the year. Choose the full reporting for the direct method SCF.
| a. O: +22,000; R: +4,000 | ||
| b. O: +30,000; R: +4,000 | ||
| c. O: +22,000; R: - 4,000 | ||
| d. O: +30,000; R: - 4,000 | ||
| e. O: +30,000 |
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
