Ocean Pines Company had a net income of $525,000. They also had a depreciation expense of $125,000,
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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.
Expert Answer:
To determine the cash provided or used by operating activities using the indirect metho... View the full answer
Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
