Solution-Prepare a cash flow statement

Prepare a cash flow statement

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Question - During March 2018, Premier began the month with $8,942 in cash, had revenues of $110,000, paid salaries of $80,000 to its web designers, had operating expenses of $14,400, depreciation of $1,500 on its computer systems, and made estimated tax payments of $2,961.

Required -

a. Prepare a profit and loss statement.

b. Prepare a cash flow statement.

C. Discuss why net profit does not equal net cash flow for the month.

Reference no: EM133176843

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Prepare a cash flow statement

Reference no: EM133176843

Reference no: EM133176843

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