I am so sorry that I have to ask this question again but I think I got the wrong
ID: 2352515 • Letter: I
Question
I am so sorry that I have to ask this question again but I think I got the wrong answer when I asked the first time. I need to compare my answer to the Direct Method of cash flows. Please see the below accounting problem. Thanks -Galley Corp., a merchandiser, recently completed its 2011 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company
Explanation / Answer
i answered it earlier and my calculations still give me the same answer
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.