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Using the above information to prepare a statement of cash flows under the direct method, provide the answer of net cash flow N Trading had
Using the above information to prepare a statement of cash flows under the direct method, provide the answer of net cash flow
N Trading had the following cash flows and other activities for the quarter ended 30th June 2018: Paid for land $ 75,000 Paid for merchandise $540,000 Paid for income taxes $ 42,000 Paid to employees $ 180,000 Paid to owners $ 45,000 Paid for rent $ 27,000 Received from customers $ 840,000 Received from issuing stock $ 600.000 Received from sale of equipment $ 30,000 Depreciation expense $ 24,000
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