X Company recognized $500 of revenue on account and realized $400 of cash collections. The company...
X Company recognized $500 of revenue on account and realized $400 of cash collections. The company had accrued salary expense of $300 and invested $200 in a certificate of deposit. Based on this information alone, the amount of cash flow from operating activities would be ... ?
Please explain!
Homework Answers
| $400 is your answer | ||
|
$500 recognized on account - no cash involved - so not related to cash flow statement Salary expense accrued - no cash involved - so not related to cash flow statement Invested in certificate of deposit - included in investing activities section, not operating activities section |
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X Company recognized $500 of revenue
on account and realized $400 of cash collections. The company...
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