Ocean Pines Company had a net income of $525,000. They also had a depreciation expense...
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Ocean Pines Company had a net income of $525,000. They also had a depreciation expense of $125,000, an increase or (decrease) in accounts receivable of $-30,000, and an increase or (decrease) in inventory of $-25,000. Ocean Pines prepares its Statement of Cash Flows using the indirect method.
Use this information to determine the dollar value of cash provided or (used) by operating activities.
Ocean Pines Company had a net income of $525,000. They also had a depreciation expense of $125,000, an increase or (decrease) in accounts receivable of $-30,000, and an increase or (decrease) in inventory of $-25,000. Ocean Pines prepares its Statement of Cash Flows using the indirect method.
Use this information to determine the dollar value of cash provided or (used) by operating activities.
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