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April 28, 2026, 08:20:55 pm
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Author Topic: LaST MINUTE QUESTION PLz HELP!!!!  (Read 723 times)  Share 

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nacho

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LaST MINUTE QUESTION PLz HELP!!!!
« on: November 11, 2011, 01:03:30 am »
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For 2010  vcaa accounting exa. How do they get 13500 for asvertisig expense ??? For the cash flow statement in 2.1.3? I got 12000
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_avO

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Re: LaST MINUTE QUESTION PLz HELP!!!!
« Reply #1 on: November 11, 2011, 01:08:06 am »
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you forgot accrued prepaid advertising

ending balance + expenses incurred during the year - opening balance = cash paid
2500 + 12000 - 1000 = 13500

:)
« Last Edit: November 11, 2011, 01:09:59 am by _avO »
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nacho

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Re: LaST MINUTE QUESTION PLz HELP!!!!
« Reply #2 on: November 11, 2011, 01:15:51 am »
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Thanks man you are an accounting god.!
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