Current Attempt in Progress Splish Brothers Inc. reported net income of $122400 for the year 2022. During 2022, accounts receivable increased by $8160, accounts payable decreased by $5440 and depreciation expense of $13600 was recorded. Net cash provided by operating activities for 2022 is A. $111520. B. $122400. C. $108800. D. $136000. eTextbook and Media Attempts: 0 of 1 used
Bad Debts
At the end of the accounting period, a financial statement is prepared by every company, then at that time while preparing the financial statement, the company determines among its total receivable amount how much portion of receivables is collected by the company during that accounting period.
Accounts Receivable
The word “account receivable” means the payment is yet to be made for the work that is already done. Generally, each and every business sells its goods and services either in cash or in credit. So, when the goods are sold on credit account receivable arise which means the company is going to get the payment from its customer to whom the goods are sold on credit. Usually, the credit period may be for a very short period of time and in some rare cases it takes a year.
Current Attempt in Progress Splish Brothers Inc. reported net income of $122400 for the year 2022. During 2022,
A. $111520.
B. $122400.
C. $108800.
D. $136000.
eTextbook and Media Attempts: 0 of 1 used
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