Net income is OMR 132000, accounts payable increased OMR 10000 during the year, inventory decreased OMR 6000 during the year, and accounts receivable increased OMR 12000 during the year. Under the direct method, what is net cash provided by operating activities? a- OMR. 102000 b- OMR. 112000 c- OMR. 124000 d-OMR. 136000
Net income is OMR 132000, accounts payable increased OMR 10000 during the year, inventory decreased OMR 6000 during the year, and accounts receivable increased OMR 12000 during the year. Under the direct method, what is net cash provided by operating activities? a- OMR. 102000 b- OMR. 112000 c- OMR. 124000 d-OMR. 136000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Net income is OMR 132000, accounts payable increased OMR 10000 during the year, inventory decreased OMR 6000 during the year, and accounts receivable increased OMR 12000 during the year. Under the direct method, what is net cash provided by operating activities?
a- OMR. 102000
b- OMR. 112000
c- OMR. 124000
d-OMR. 136000
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