Answered: A business had payments to suppliers of…

A business had payments to suppliers of $453, and employees of $121. Customer receipts are $654, and interest paid is $10. Calculate the net fund of the business from operating activities.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 4RE: Given the following information, convert Robin Companys salaries expense from its income statement...

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Question

Please correct calculation of the net fund of the business from operating activities on this general accounting question

A business had payments to suppliers of $453, and
employees of $121. Customer receipts are $654, and
interest paid is $10. Calculate the net fund of the
business from operating activities.

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