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Marat540 [252]
3 years ago
9

During the quarter ended 3/31/2015, Clarke Biscuits Inc. collected $100 of cash from customers, paid $60 of cash to suppliers, p

aid $20 of cash to employees and other creditors, and recorded $10 of depreciation expense. There were no other cash flows related to operating activities.1. What was Clarke’s Cash Flow from Operations during the quarter ended 3/31/2015?
Business
1 answer:
Anika [276]3 years ago
3 0

Answer:

$20

Explanation:

Given that,

Cash collected from the customers = $100

Cash paid to suppliers = $60

Cash paid to employees and other creditors = $20

Depreciation expense = $10

Therefore,

Clarke’s Cash Flow from Operations during the quarter ended 3/31/2015:

= Cash collected from the customers - Cash paid to suppliers - Cash paid to employees and other creditors

= $100 - $60 - $20

= $20

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Explanation:

Given that,

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                                                                        = $17,209,000

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In recording business transactions, evidence that an accounting transaction has taken place is obtained from
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Answer:

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Explanation:

Solution

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