Solution-Determine the amount of net income anwar should

Determine the amount of net income anwar should report

Reference no: EM13536096

During 2010, Anwar Company earned $345,000 of revenue on account and collected $320,000 cash from accounts receivable. Anwar paid cash expenses of $300,000 and cash dividends of $12,000. Determine the amount of net income Anwar should report on the 2010 income statement and the amount of cash flow from operating activities Anwar should report on the 2010 statement of cash flows.

Reference no: EM13536096

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Determine the amount of net income anwar should report

Reference no: EM13536096

Reference no: EM13536096

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