Ruiz company provided services for 15200 cash during the, Ask an Expert

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Ruiz Company provided services for $15,200 cash during the 2011 accounting period. Ruiz incurred $13,200 expenses on account during 2011, and by the end of the year, $3,200 of that amount had been paid with cash. Assuming that these are the only accounting events that affected Ruiz during 2011,

A) The amount of net cash flow from operating activities shown on the statement of cash flows is $5,200.

B) The amount of net income shown on the income statement is $10,000.

C) The amount of net loss shown on the income statement is $2,000.

D) The amount of net income shown on the income statement is $2,000.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91524234

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