Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ocean pines company had net income $550,000. they

Ocean Pines Company had net income $550,000. They also had depreciation expense of $200,000, an...

60.1K

Verified Solution

Question

Accounting

Ocean Pines Company had net income $550,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $-50,000, 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Simpson Glove Company has made the following sales projections for the next six months. All sales...

Electrical Engineering
1.2K views

A 1.5 KVA, 220/120 V, 60Hz real step-down transformer has the following parameters that are all...

General Management
1.2K views

Describe three (3) historical theories and practices of people management and show their relationship with developments...

Physics
1.2K views

In a standard YDSE setup if the screen is kept tilted as shown find the...

Physics
1.2K views

A source of frequency fgives 5 beats sec when sounded with a source of frequency...

Basic Math
1.2K views

Nicole has 17 nickels n and dimes d. If the value of her coins is...

Calculus
1.2K views

The difficulty in finding the velocity after 3 seconds is that we are dealing with...

Algebra
1.2K views

Consider the subspace of R Create a basis for U 2 U span 0 3...

Algebra
1.2K views

Consider a tank containing at time t 0 20 pounds of salt dissolved into 1000...

Accounting
1.2K views

the company could set 5,000 more units of this preduct; the...

Accounting
1.2K views

You are in charge of a charity's fundraising campaign in which you're selling tickets for...

Accounting
1.2K views

Inventory Tumoyer and Days' Sales in Inventory The following financial statement data for years ending...