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The tolnowing information appwes to the questions dispiayed below. Suppose your company sells services for $495 cash thls month. Your company also pays $355 In
The tolnowing information appwes to the questions dispiayed below. Suppose your company sells services for $495 cash thls month. Your company also pays $355 In salarles and wages, which Includes $105 that was payable at the end of the previous montn and $170 for salaries and wages of this month. Required information 10.00 points 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). (Amounts to be deducted should be indicated with a minus sign.) Net Income Decrease in Salaries and Wages Payable Net Cash Flow from Operating Activites
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