A house painting business had revenues of $16,600 and expenses of $9,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:Accounts receivable $ 1,800 $ 5,100Accounts payable 820 360Calculate net cash flow for the business for this period.

A house painting business had revenues of $16,600 and expenses of $9,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:Accounts receivable $ 1,800 $ 5,100Accounts payable 820 360Calculate net cash flow for the business for this period.

Name: A house painting business had revenues of $16,600 and expenses of $9,6
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Description: A house painting business had revenues of $16,600 and expenses of $9,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:Accounts receivable $ 1,800 $ 5,100Accounts payable

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 43E

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