question archive The income statement of Joseph NV is presented here
The income statement of Joseph NV is presented here
Subject:AccountingPrice: Bought3
The income statement of Joseph NV is presented here. Joseph NV Income Statement For the Year Ended November 30, 2020 Sales revenue €7,200,000 Cost of goods sold Beginning inventory €1.824,000 Purchases 4.224,000 Goods available for sale 6,048,000 Ending inventory 1,344,000 Total cost of goods sold 4,704,000 Gross profit 2.496,000 Operating expenses 1.104,000 Net income €1,392.000 - /25 Additional information 1 2. 3. Accounts receivable increased €192.000 during the year, and inventory decreased €180,000 Prepaid expenses increased €168,000 during the year. Accounts payable to suppliers of merchandise decreased €326,400 during the year. Accrued expenses payable decreased €100,800 during the year. Operating expenses include depreciation expense of €81.600. 4. 5. Prepare the operating activities section of the statement of cash flows for the year ended pember 30, 2020. for Joseph, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis es. (15,0001) JOSEPH NV Partial Statement of Cash Flows - /25 JOSEPH NV Partial Statement of Cash Flows Adjustments to reconcile net income to ICANTE - 125 IT Save for Later Attempts: 0 of 3 used Submit Answer
