A house painting business had revenues of $17,300 and expenses of $10,300. There
ID: 2713335 • Letter: A
Question
A house painting business had revenues of $17,300 and expenses of $10,300. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital: Beginning End Accounts receivable $2,500 $5,800 Accounts payable 960 430 Calculate net cash flow for the business for this period. A house painting business had revenues of $17,300 and expenses of $10,300. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital:Explanation / Answer
Statement showing computation of Cash Flows Particulars Amount Revenues 17,300.00 Expenses (10,300.00) Less Increase in Account Receivable (3,300.00) Less Decrease in Accounts Payable (530.00) Net Cash Flows 3,170.00