Solution-Find what is the net impact on the cash flow

Find what is the net impact on the cash flow statement

Reference no: EM132628851

Problem 1: During the year a company made sales of $75,000. All sales are made on credit and only $10,000 had been paid by year end. They collected $40,000 from customers for sales from prior years . They also recognized $3,000 in interest expense, but will pay the bank next year. What is the net impact on the cash flow statement for the current year for all of these transactions.

Reference no: EM132628851

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Find what is the net impact on the cash flow statement

Reference no: EM132628851

Reference no: EM132628851

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