The XYZ Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 150000 OMR The following accounts decreased during 2020: Accounts receivable 22000 inventory 15000 OMR, Rent payable 19000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 13000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: Oa. 145000 OMR O b. 149000 OMR Oc. 177000 OMR Od. NONE OF THESE
The XYZ Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 150000 OMR The following accounts decreased during 2020: Accounts receivable 22000 inventory 15000 OMR, Rent payable 19000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 13000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: Oa. 145000 OMR O b. 149000 OMR Oc. 177000 OMR Od. NONE OF THESE
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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