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With that little info I would say $12,000 (79,000 - 67,000)
But that would never real be the case in real life

Here's my thoughts for part A

Paid $64,000 in consulting fees during 2000
However they had $2000 in prepaids ending 1999 and carried over to 2000. So they used 2000 in prepaids

They also...

Answer is C

If you are doing a Stmt of cash flow via indirect method (most companies use indirected method) then here is the outline

*Net Cash from Operating Activities
Always start with Net...

Answer is B

Few rules for when you close temp accounts:

Always close accounts with "income summary" account.

If you have Revenue accounts such as sales, interest, or rent revenue, then it's...

Hey guys, I'm new here and would really appreciate it if someone helps me out

Company X employs several consulting companies. Some of the companies require pmt in advance whiel others bill company...