ABC Company had the following income statement on 31.12.2020 Deprecation OMR 15000 Net Profit OMR 115000 The following accounts increased during 2020: Notes receivable OMR 14000 Account payable OMR 8000 Common Stock OMR 30000 Equipment OMR 25000 The following accounts decreased during 2020: Accounts receivable OMR 24000 Inventory OMR18000 Rent payable OMR15000 Treasury shares OMR 11000 What is the net cash flows from operating activities? Select one: O a. OMR 151000 O b. OMR 139000 O c. None of the options O d. OMR 109000

ABC Company had the following income statement on 31.12.2020 Deprecation OMR 15000 Net Profit OMR 115000 The following accounts increased during 2020: Notes receivable OMR 14000 Account payable OMR 8000 Common Stock OMR 30000 Equipment OMR 25000 The following accounts decreased during 2020: Accounts receivable OMR 24000 Inventory OMR18000 Rent payable OMR15000 Treasury shares OMR 11000 What is the net cash flows from operating activities? Select one: O a. OMR 151000 O b. OMR 139000 O c. None of the options O d. OMR 109000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10PB: Goods for Less uses the balance sheet aging method to account for uncollectible debt on receivables....

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