Both firms had expenses of 800 all paid in cash by both


Question - Company a head sales of $1800 during the year and collected them all in cash. Company B, on the other hand, had sales of $1800 during the year but collect it only $1200 cash with the remaining $600 sales on account. Both firms had expenses of $800, all paid in cash by both firms. What was Company days net income for the year? What was Company bees net income for the year? What was Company days net cash from operating activities during the year? What was Company bees net cash from operating activities during the year?

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Accounting Basics: Both firms had expenses of 800 all paid in cash by both
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