Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ocean pines company had net income $475,000. they

Ocean Pines Company had net income $475,000. They also had depreciation expense of $175,000, an...

50.1K

Verified Solution

Question

Accounting

Ocean Pines Company had net income $475,000. They also had depreciation expense of $175,000, an increase or (decrease) in accounts receivable of $70,000, and an increase or (decrease) in inventory of $55,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or inventory indicates that the balance decreased)

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

Company Y market value of debt is $6 million. Company Y has 300 000 shares outstanding...

Finance
Q

Rank the following photons in terms of increasing energy. (Use the drop down options, and choose...

Chemistry
Q

Explain what is rule based system and the fuzzy expert system based on the following information....

Advance Math
Q

Question 9 10 points G H If m J 47 degrees what is the measure...

Geometry
Q

Select the correct answer from each drop-down menu.In a circle with a radius of 7...

Basic Math
Q

For the following loan, make a table showing the amount of each monthly payment that...

Basic Math
Q

f x f 0 f 0 x 4 00 n 0 f 0 2 begins...

Calculus
Q

Answer question no 3 only, Answer within 1 hours 30 mint , i will give...

Accounting
Q

help me solve this Problem 3-14 (Static) Schedule of Cost of Goods Manufactured; Overhead...

Accounting
Q

Jan 1. The company haired 4 employees with a monthly salary of 1,500 each. The...

Accounting
Q

EM7.1b Products and Services List Answer the following questions about the Mookie The Beagle...

Accounting
Q

Problem 17-27 Joint Costs (LO 17-4, 17-5) [The following information applies to the...

Accounting