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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
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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...
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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...
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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...
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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...
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