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I am so sorry that I have to ask this question again but I think I got the wrong

ID: 2352515 • Letter: I

Question

I am so sorry that I have to ask this question again but I think I got the wrong answer when I asked the first time. I need to compare my answer to the Direct Method of cash flows. Please see the below accounting problem. Thanks -

Galley Corp., a merchandiser, recently completed its 2011 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company

Explanation / Answer

i answered it earlier and my calculations still give me the same answer

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