Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in its statement of cash flows issued for the year

In its statement of cash flows issued for the year ending December 31, Oxford Company...

80.2K

Verified Solution

Question

Accounting

In its statement of cash flows issued for the year ending December 31, Oxford Company reported a net cash inflow from operating activities of $123,000. The following adjustments were included in the supplementary schedule reconciling cash flow from operating activities with net income:

Depreciation $38,000

Increase in net accounts receivable 31,000

Decrease in inventory 27,000

Decrease in accounts payable 48,000

Increase in prepaid expenses 12,000

Net income is:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

5 Given Quadrilateral ABCD with A 5 0 B 1 4 C 3 1 and...

Geometry
Q

USE R AND SHOW CODES!! 1.a. There is a theorem that the ratios of blood types...

Statistics
Q

Select the statements below that are false and think about why they are not true. a)...

Chemistry
Q

How would you solve the problem of malnutrition using science (not pseudoscience) and technology?

Physics
Q

two process I and II as shown PA b V The heat absorbed and work...

Physics
Q

6 The table shows Aleksei s December budget Fill in the blanks so that Aleksei...

Basic Math
Q

1 A student received a 75 on an exam If there were 20 questions on...

Basic Math
Q

11 1 Points DETAILS Find the radius r of the circle in the figure with...

Basic Math
Q

Lionel Ember has asked you to help him calculate his liability to income tax and...

Accounting
Q

Partial information from the comparative balance sheet of Jackson Company as of December 31, 2020...

Accounting
Q

What are the strategies and development tools that are appropriate for an accounting professional to...

Accounting
Q

R Hopkins is a cost accountant and business analyst for Dashing Design Company (DOC), which...

Accounting