Could you please helpMe with this question? Castile Inc. had a beginning balance of $4,000$4,500. During the perlod, Castile recognized $68,000 of revenue on account Castile's Salarles Payable account has a beginningbalance of $2,600 and an ending balancé of $1,500. During the perlod, the company recognized $46,000 of accrued salary expense.Its Accounts Recelvable account The ending balance of Accounts Recelvable wasRequireda. Based on the Information provided, determine the amount of net Income.b. Based on the Information provided, determine the amount of net cash flow from operating activitles.8.Net incomeb.Net cash flow from operating activities

Castile Inc. had a beginning balance of $4,000 in Its Accounts Recelvable account. The ending balance of Accounts Recelvable was $4,500. Durlng the perlod, Castile recognized $68,000 of revenue on account Castile's Salarles Payable account has a beginning balance of $2,600 and an ending balancé of $1,500. During the pertod, the company recognized $46,000 of accrued salary expense. Required a. Based on the Information provided, determine the amount of net Income. b. Based on the Information provided, determine the amount of net cash flow from operating activitles. a. Net income b. Net cash flow from operating activities

Castile Inc. had a beginning balance of $4,000 in Its Accounts Recelvable account. The ending balance of Accounts Recelvable was $4,500. Durlng the perlod, Castile recognized $68,000 of revenue on account Castile's Salarles Payable account has a beginning balance of $2,600 and an ending balancé of $1,500. During the pertod, the company recognized $46,000 of accrued salary expense. Required a. Based on the Information provided, determine the amount of net Income. b. Based on the Information provided, determine the amount of net cash flow from operating activitles. a. Net income b. Net cash flow from operating activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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